As U.S. stock investors ponder what lies ahead in the rest of 2023, bulls have history on their side—but interest rates, possible recession remain key hurdles.  ( 1 min )

The third richest person in the world in 2023, Jeff Bezos’ has over 10% of stake in Amazon, and owns The Washington Post, space exploration company Blue Origin, and invests in real estate and other companies.  ( 21 min )

Learn about the SPY ETF (SPDR S&P 500 ETF Trust), its characteristics, and the suitability of investing in the fund.  ( 24 min )

The Vanguard S&P 500 exchange-traded fund owns all 500 stocks within the S&P 500 index, offering investors a low-cost way to own U.S. equities.  ( 24 min )

Tesla was in de eerste helft van dit jaar opnieuw koploper op de Duitse markt voor volledig elektrisch aangedreven auto's. Dat meldt zakenkrant Handelsblatt op basis van cijfers van het Kraftfahrt-Bundesamt (KBA), de Duitse versie van de RDW.  ( 3 min )

McDonald's beperkt het gebruik van tomaten in India vanwege grote tekorten. Bij de meeste vestigingen in het noorden en oosten van het land worden tomaten zelfs helemaal niet meer gebruikt in hamburgers en wraps.  ( 3 min )

Eindelijk leek sparen weer meer op te leveren dan beleggen. 2022 was een rampjaar voor beleggers. Maar in de eerste helft van 2023 schoten de koersen omhoog. "Dat leerde ons de les stilzitten", zegt beleggingstrainer Hans Oudshoorn.  ( 7 min )

Jarenlang kwam je voor je internetaansluiting thuis vrijwel altijd uit bij KPN of Ziggo. Maar doordat de aanleg van glasvezelnetwerken in een stroomversnelling is gekomen, hebben we nu echt wat te kiezen, concludeert toezichthouder ACM.  ( 4 min )

Op scholen zijn telefoons vanaf volgend jaar niet meer welkom. Het ding leidt zó af dat schoolprestaties eronder lijden. "Leraren kunnen niet op tegen een miljardenindustrie die drááit om aandacht trekken", zegt onderzoeker Sjerp van der Ploeg.  ( 4 min )

Eindelijk leek sparen weer meer op te leveren dan beleggen. 2022 was een rampjaar voor beleggers. Maar in de eerste helft van 2023 schoten de koersen omhoog. "Dat leerde ons de les stilzitten", zegt beleggingstrainer Hans Oudshoorn.  ( 7 min )

De leveringsproblemen in verschillende sectoren in ons land zijn grotendeels voorbij. De bouw, techniek en auto- en fietsenbranche draaien inmiddels op volle kracht en hebben genoeg op voorraad.  ( 5 min )

The next meaningful moves could come soon, with significant consequences for producers' stocks, as several macroeconomic developments play out.  ( 30 min )

The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid "abnormal pricing" made two days earlier by 16 automakers, including Tesla.. Thursday's CAAM-organised pledge by the companies, including Chinese electric vehicle (EV) makers Nio, Li Auto and Xpeng, had been interpreted by some as signalling a truce in a price war that has threatened industry-wide profitability. But Elon Musk's EV giant Tesla on Friday rolled out a global programme letting buyers get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.  ( 7 min )

The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid "abnormal pricing" made two days earlier by 16 automakers, including Tesla.. Thursday's CAAM-organised pledge by the companies, including Chinese electric vehicle (EV) makers Nio, Li Auto and Xpeng, had been interpreted by some as signalling a truce in a price war that has threatened industry-wide profitability. But Elon Musk's EV giant Tesla on Friday rolled out a global programme letting buyers get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.  ( 6 min )

China’s Ant Gives Trapped Investors an Opportunity to Cash Out  ( 26 min )

(Bloomberg) -- Markets have turned against the UK for the second time in under a year as the outlook for inflation and growth darkens for an economy that’s already lagging behind the other Group of Seven nations.Most Read from BloombergCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupRussia Is Disregarding IAEA Advice to Power Down Ukraine ReactorApple Plans a Slow, Appointment-Only Rollout of Its $3,500 Vision ProSummers Warns on Inflation Complacency, Sees More Bond DeclinesUkra  ( 10 min )

Learn about the SPY ETF (SPDR S&P 500 ETF Trust), its characteristics, and the suitability of investing in the fund.  ( 24 min )

Ant Group on Saturday announced a share repurchase plan that values the fintech giant at 567.1 billion yuan ($78.54 billion), as the management seeks to replenish its staff incentive pool and let some investors exit after regulators fined the firm. Ant said it had proposed to all of its shareholders to repurchase up to 7.6% of its equity interest at a price that represents a group valuation of approximately 567.1 billion yuan. Ant's major shareholders, Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, have voluntarily decided not to participate in the repurchase, the company added.  ( 6 min )

Learn the dynamics of investing in the S&P 500 Index through ETFs and mutual funds.  ( 31 min )

Find out some of the lower-risk ways to invest in foreign markets.  ( 20 min )

If you're planning to apply for a credit card, you may wonder how long it takes. Learn how long of a wait you can expect to receive your card.  ( 24 min )

ADRs of Alibaba advanced 8% on Friday amid optimism that a nearly $1 billion fine by China on a related company could signal the end of a yearslong crackdown on Alibaba.  ( 17 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Unemployment can vary wildly depending on where you live. Fortunately, the state unemployment rate at least makes it easy to find out.  ( 47 min )

Job creation came in lower than expected, and investors are still worried about higher interest rates, sending the Dow lower by about 190 points.  ( 17 min )

Mercedes-Benz is the first German-based electric vehicle maker to sign a deal to use Tesla superchargers in North America.  ( 16 min )

Home sales in hurricane-hit towns have jumped but insurance companies are moving out of the state.  ( 18 min )

Costco shares fell more than 2% on Friday after comparable store sales dropped in June as gas prices tumbled.  ( 17 min )

Stocks trading on the OTC Pink Open Market include many good companies waiting to be discovered. Find out more about the OTC's three markets.  ( 24 min )

Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.  ( 22 min )

More than 7,100 student loan borrowers could get a check from the Consumer Financial Protection Bureau, refunding illegally collected fees from a student-debt relief company.  ( 17 min )

An unemployment claim is a request an individual makes to a state government to receive temporary payments after having been laid off from a job.  ( 24 min )

OTC Pink is the lowest tier of the three marketplaces for trading over-the-counter stocks provided and operated by the OTC Markets Group.  ( 22 min )

Before jumping into a life insurance policy, learn which decisions you have to make and what you can do to reduce your premiums before you apply.  ( 28 min )

The list of the 500 companies that make up the S&P 500 is called its constituent list and includes many well-known names.  ( 24 min )

Clients need to understand the full picture, including the good and bad of cryptocurrency investing.  ( 25 min )

Money market accounts have some similarities and differences when compared with money market funds. Learn more about how the two accounts compare.  ( 23 min )

Here's how Amazon's (AMZN) stock moved on the success of Prime Day in the past.  ( 20 min )

Like other businesses, advisory firms have rushed to embrace diversity, equity, and inclusion. So, what are the reputed benefits and how are firms approaching DEI?  ( 24 min )

Before meeting with a financial advisor for the first time, it's a good idea to find out what kind of information the advisor wants you to supply. This can save a lot of scrambling to collect paperwork later. Here is what you need to know.  ( 24 min )

For the LGBTQ+ community, planning for retirement involves more than finances. You'll also want an LGBTQ+-friendly retirement environment. Here's how to find one.  ( 25 min )

Dry powder in the financial world is used in reference to an individual company's cash reserves, or to an investor's liquid assets.  ( 18 min )

U.S. equities were mixed at midday on Friday, July 7, 2023 after the government's June jobs report showed job creation slowed.  ( 16 min )

Rates on 30-year mortgages surged almost a third of a point, taking the flagship average well above its late May peak and establishing a new 20-year high.  ( 20 min )

Uber Eats, GrubHub, and DoorDash are suing New York City over a new law that would set a minimum wage for app-based food delivery workers, saying it would lead to higher costs and reduced service.  ( 18 min )

The Pink market is an electronic over-the-counter market that connects brokers and dealers for trading in stocks. Learn the Pink market's risks and advantages.  ( 24 min )

Shares of First Solar and other solar power providers climbed in early trading on Friday after First Solar secured a five-year, $1 billion revolving credit facility.  ( 16 min )

Pink sheets is an outdated term used to describe stocks that trade over-the-counter (OTC) in the U.S. rather than on a major stock exchange.  ( 26 min )

U.S. employers added 209,000 jobs in June, fewer than forecasts, but economists say the gains likely remained too high to prevent more interest rate hikes by the Fed.  ( 17 min )

American depositary receipts of Alibaba rose after unveiling an artificial intelligence tool that can create images in response to text prompts as the competition for AI products heats up.  ( 17 min )

Mario Draghi is the Prime Minister of Italy. He was president of the European Central Bank from 2011 to 2019.  ( 23 min )

The Biden administration announced a series of healthcare initiatives on Friday aimed at lowering healthcare costs and protecting consumers from fraudulent insurance plans and excessive fees.  ( 17 min )

Levi's shares dropped about 8% in early trading on Friday following news of a $1.6 million loss in the second quarter and a downward adjustment of its projected revenues in this fiscal year.  ( 18 min )

The Old Lady is a nickname for the Bank of England, originating from a 1797 political cartoon.  ( 19 min )

Six-in-ten Americans said that higher interest rates were hurting their finances, while another 38% said they benefited from higher rates, a new survey shows.  ( 18 min )

The government's latest jobs report is expected to show continued strength in the labor market and the FDA gives approval to a new Alzheimer’s disease treatment. Here’s what investors need to know today.  ( 18 min )

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(Bloomberg) -- Ashford Hospitality Trust Inc. expects to return 19 hotels to lenders in cities including Las Vegas and Atlanta, declining to pour more cash into the properties, which are part of a $982 million mortgage pool that missed a repayment deadline in June. Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalApple Plans a Slow, Appointment-Only Rollout of Its $3,500 Vision ProRussia Is Disregarding IAEA Advice to Power Down Ukraine ReactorMusk Ultimatum t  ( 8 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 20 min )

If you’re considering opening a high-yield savings account, here's how to find the best savings account interest rates.  ( 9 min )

(Bloomberg) -- A worrisome thought for the stock faithful: You won’t have the bears to kick around anymore.Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalApple Plans a Slow, Appointment-Only Rollout of Its $3,500 Vision ProMeta’s Threads App Draws Millions Seeking a Twitter AlternativeMusk Ultimatum to Taiwan Imperils Its Push to War-Proof InternetRussia Is Disregarding IAEA Advice to Power Down Ukraine ReactorFresh off the strongest first half for the S&P 5  ( 10 min )

Stocks roses Friday as a weaker than expected June jobs report revealed a potential slowdown in the labor market.  ( 7 min )

Costco shares fell more than 2% on Friday after comparable store sales dropped in June as gas prices tumbled.  ( 18 min )

BlackRock CEO Larry Fink's change of heart on bitcoin could make it easier for fellow Wall Street executives to embrace cryptocurrencies, but experts warn that his favored financial instrument – the exchange-traded fund, or ETF – is an investment vehicle that's categorically different from the core idea behind digital assets, and could push the industry in the wrong direction.  ( 8 min )

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Bring up electric vehicles, or EVs, and you’re sure to hear a wide range of opinions. One thing is clear: the market for EVs is rapidly expanding. The tailwinds include both political and social pressures, but the industry itself is also driving the expansion. New models are coming out, battery technology – and vehicle range – are improving, and charging networks are expanding and growing more efficient. Every major economic and technological evolution opens up investment opportunities, and EV s  ( 11 min )

(Bloomberg) -- Costa Rica’s annual inflation rate turned negative in June after soaring to double digits last year, following a series of rate hikes, falling oil prices and a strong local currency.Most Read from BloombergCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupAnt to Buy Back Shares at 70% Lower Valuation Than at IPOSummers Warns on Inflation Complacency, Sees More Bond DeclinesRussia Is Disregarding IAEA Advice to Power Down Ukraine ReactorApple Plans a Slow, Appointment  ( 6 min )

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Nikola is still short of votes to double its outstanding shares, but Delaware’s governor can give the company what shareholders have not. The post Nikola still trying to raise share count but proxies may not be needed appeared first on FreightWaves.  ( 7 min )

Shares of the giant companies that help energy producers around the world find and extract oil and gas are leading the market higher with some of their big U.S. customers not far behind. Schlumberger and Halliburton, which frack wells in Texas and orchestrate deep ocean drilling projects, are up mo  ( 22 min )

Shares of Rivian Automotive surged more than 15% on Friday, extending gains for the eighth consecutive session, after the electric vehicle (EV) maker reported better-than-expected quarterly deliveries. Rivian said on Monday it delivered 12,640 vehicles in the second quarter on steady demand from customers, beating market estimates. Multiple analysts have raised their price targets for Rivian's stock as the EV maker is seen as having overcome production and supply chain challenges that restricted deliveries.  ( 7 min )

Investors can earn more yield, potentially for a longer time, with these relatively low-risk income-producing options.  ( 27 min )

California franchisees say they will lose their independence if AB1228 becomes law, according to a new survey by the International Franchise Association.  ( 8 min )

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On Thursday, Ford Motor (NYSE: F) posted stellar second quarter results as it was boosted by its fleet and legacy truck units with the star of the show being U.S. trucks. It seems that after joining the EV King Tesla Inc (NASDAQ: TSLA) on the EV charging front, Ford is going straight towards its ambitious goals, however, its EV sales still remain small compared to its traditional automotive fleet and due to the work performed at its production facility, Ford lost its second place in EV sales for  ( 8 min )

The USD is still by far the world's most dominant currency, accounting for almost 90% of global foreign currency transactions.  ( 8 min )

Rates on 30-year mortgages surged almost a third of a point, taking the flagship average well above its late May peak and establishing a new 20-year high.  ( 21 min )

While a double-digit dividend yield may appear enticing to income investors, it is crucial to exercise caution when approaching these ultra-high-yielding names. In a recent Lightning Round segment of CNBC's "Mad Money" program, a viewer asked host Jim Cramer about Annaly Capital Management Inc. (NYSE:NLY) — a mortgage real estate investment trust (mREIT) with an eye-popping yield. The company pays quarterly dividends of 65 cents per share, giving the stock an annual yield of 14%. But Cramer is n  ( 9 min )

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A Wall Street Journal analysis of Federal Reserve data reveals a concerning financial situation for people ages 30 to 39, which constitute the majority of the millennial generation. The demographic accumulated nearly $4 trillion in debt during the fourth quarter of 2022, reflecting a substantial $140 billion rise from the preceding quarter. The surge represents a 27% increase since late 2019, constituting the most significant upswing in debt accumulation since the 2008 financial crisis. Contrary  ( 8 min )

Losers among transportation startups are rapidly being defined, It will take longer to determine the winners. The post Carnage grows among transportation startups appeared first on FreightWaves.  ( 11 min )

Wedbush analyst Dan Ives boosts his price price target on Rivian to $30 from $25.  ( 26 min )

Mizuho analyst Vijay Rakesh increases his price target on Tesla to $300 from $230.  ( 26 min )

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The country's regulatory crackdown on its tech industry began with the scuttling of Ant's IPO in late 2020. An end to the saga bodes well for the entire sector.  ( 26 min )

Ant Group, the financial-technology company associated with billionaire Jack Ma, was fined by China’s financial regulators, taking the company closer to the end of its business overhaul.  ( 26 min )

JPMorgan upgraded, Exxon downgraded: Wall Street's top analyst calls  ( 9 min )

Mizuho analyst Vijay Rakesh increases his price target on Tesla to $300 from $230.  ( 26 min )

Investor sentiment has been largely positive, driven by a notable gain of 15% for the S&P 500 so far this year. It’s a powerful turnaround from last year’s bear trends, and justifies an upbeat outlook – or does it? Watching the market situation for Goldman Sachs, chief US equity strategist David Kostin notes that the gains are resting on a narrow base, and that does not bode well. A look at the NASDAQ index backs up Kostin’s point. The tech-heavy index is up 31% this year, but its gains are rest  ( 10 min )

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As the economy teeters on the edge, experts and investors are closely analyzing various indicators to predict the possibility of an impending recession. Recent events, such as the surge in Google searches for the term "recession" and the inversion of Treasury yields, have raised concerns in financial circles. Inflation rates have surpassed the Federal Reserve's desired levels, prompting the central bank to tighten its monetary policy through interest rate hikes. The Fed also has cautioned about  ( 9 min )

If you're going to the bank for a loan, you might think it would be easier as a millionaire. However, when it comes to high-net-worth lending, more money can mean more problems if the individual doesn't have conventional income or … Continue reading → The post How Does High-Net-Worth Lending Work? appeared first on SmartAsset Blog.  ( 9 min )

It is possible to retire comfortably at 45 if you have $1.5 million. However, it's not guaranteed to work. And whether it will for you depends on a number of variables, only some of which you can control. Having to … Continue reading → The post Can I Retire Comfortably With $1.5 Million at 45? appeared first on SmartAsset Blog.  ( 8 min )

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DISH Network Corp (NASDAQ: DISH) Chair Charlie Ergen is weighing the merger of the two halves of his telecom empire, Dish and EchoStar Corp (NASDAQ: SATS). The companies have engaged advisors, Reuters cites familiar sources. In 2008, EchoStar Communications, which Ergen founded as a satellite television equipment distributor in 1980, changed its name to Dish Network and spun off its technology arm as a new company named EchoStar. Currently, Ergen is desperate to sell some of Dish's assets, tryin  ( 7 min )

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Opendoor is one of 52 women-led Fortune 500 companies.  ( 8 min )

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Beijing’s export restrictions on two minerals this week show it is willing to use its dominance to rock Western supply chains.  ( 28 min )

(Bloomberg) -- The biggest cocoa trade in more than a decade is rattling the London exchange, bringing back memories of when a hedge fund manager known as “Chocfinger” tried to corner the market.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11 Year  ( 7 min )

China's regulatory crackdown on its tech industry began with the scuttling of Ant's IPO in late 2020. An end to the Ant saga bodes well for the whole sector.  ( 26 min )

The world’s largest smartphone maker's second-quarter forecast suggests it continues to struggle with slow semiconductor demand, despite cutting production.  ( 26 min )

The California-based company produced 1,022 units of its Ocean SUV in the quarter ended June, lower than 1,400-1,700 vehicles it had projected. "A few suppliers had challenges ramping to the targeted 2Q levels, as they did not receive components from sub-suppliers in a timely manner," Fisker said in an exchange filing, adding that it expected to produce over 1,400 vehicles in early July. Fisker, which will report second-quarter earnings on August 4, produced 55 vehicles in the March quarter.  ( 6 min )

Speed lunches, savvy connections, and being 'really blunt' have made Matt Swain of Triago a top player in direct-transaction private investing.  ( 22 min )

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Stock futures slipped Friday as investors waited for the release of the monthly US jobs report to provide a steer to the Federal Reserve's next move on interest rates.  ( 7 min )

Asian equity markets largely fell on Friday, taking their cue from the stock selloff in the U.S. as jobs data reinforced expectations of the Federal Reserve hiking interest rates and caused bond yields to soar. Australia’s ASX 200 index led the fall, dropping 1.7%, followed by Japan’s Nikkei 225, w  ( 10 min )

An Alzheimer’s treatment developed by Biogen and partner Eisai gets full approval from the Food and Drug Administration, Levi Strauss cuts its revenue outlook for the fiscal year, and Costco's same-store sales decline.  ( 26 min )

Tesla and its Chinese competitors have been locked in a months-long price war in a brutal battle for market share.  ( 8 min )

Clearly, many investors lack faith in the U.S. consumer.  ( 9 min )

Subway's CEO led turnarounds at Burger King and Avis. He's going for a three-peat at the sandwich chain ahead of a private equity sale.  ( 10 min )

(Bloomberg) -- Chinese authorities are facing pressure to back up their reassuring rhetoric on the economy with more substantive action.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskShares in China are headed for the  ( 8 min )

(Bloomberg) -- Samsung Electronics Co. reported its worst decline in quarterly revenue since at least 2009, stoking uncertainty over when a year-long electronics and memory chip demand slump will end.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11  ( 9 min )

(Bloomberg) -- EFishery, co-founded by a former resident of a poor Jakarta neighborhood, became a rare Indonesian unicorn after raising $200 million in fresh funding.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskThe  ( 7 min )

(Bloomberg) -- Alibaba Group Holding Ltd. shares jumped in Hong Kong trading after Reuters reported that China is likely to announce a fine of more than 8 billion yuan ($1.1 billion) on its fintech affiliate, drawing a line under the probe into the firm founded by Jack Ma. Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send  ( 9 min )

(Bloomberg) -- Shares fell across Asia on Friday after stronger-than-expected private hiring data in the US roiled equities on Wall Street and pushed up Treasury yields.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskA  ( 9 min )

(Bloomberg) -- The yen may fall through the more-than three-decade low it reached last year amid Japan’s widening monetary policy divergence with the US, according to Eisuke Sakakibara. Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11 Years Is Play  ( 8 min )

Can the AI-driven rally in growth stock funds continue? Large-cap growth funds are already up 24% this year, but so are valuations.  ( 26 min )

Sitting in cash and short-dated bonds has been rewarding this year. Now it’s time to lock in better yields.  ( 27 min )

Walmart, the world’s biggest retailer, stumbled in the early innings of the e-commerce revolution. Now that it has found its footing, it’s poised for big profits.  ( 45 min )

Chinese authorities are likely to announce a fine of at least 8 billion yuan ($1.1 billion) on Ant Group as soon as Friday, sources with direct knowledge of the matter said, bringing an end to the fintech company's years-long regulatory overhaul. The People's Bank of China (PBOC), which has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020, is expected to disclose the fine in the coming days, the sources told Reuters. The penalty, which would be one of the largest ever fines for an internet company in the country, will help pave the way for the fintech firm to secure a financial holding company license, seek growth, and eventually, revive its plans for a stock market debut.  ( 7 min )

U.S. petroleum production is on pace for a record-breaking year, helping to keep energy prices stable despite the efforts of Saudi Arabia and other major oil exporters to drive them higher.  ( 26 min )

Iran sold 1.6 million barrels of crude oil a day over the past two months, notching a five-year record.  ( 7 min )

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For the retail investor, insider trades are one of the best indicators of a stock’s potential future performance. The insiders, of course, are far more benign than the connotations of the name. They are corporate officers, residents of the C-suite, or members of the Board. Their positions give them a close-up view of a company’s inner workings, and that view guides them when they trade their own firms’ shares. The corporate insiders’ knowledge gives them an advantage in their trading, providing  ( 10 min )

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Job creation came in lower than expected, and investors are still worried about higher interest rates, sending the Dow lower by about 190 points.  ( 1 min )

U.S. equities were mixed at midday on Friday, July 7, 2023 after the government's June jobs report showed job creation slowed.  ( 1 min )

The government's latest jobs report is expected to show continued strength in the labor market and the FDA gives approval to a new Alzheimer’s disease treatment. Here’s what investors need to know today.  ( 1 min )

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Shares of First Solar and other solar power providers climbed in early trading on Friday after First Solar secured a five-year, $1 billion revolving credit facility.  ( 1 min )

Mercedes-Benz is the first German-based electric vehicle maker to sign a deal to use Tesla superchargers in North America.  ( 1 min )

Costco shares fell more than 2% on Friday after comparable store sales dropped in June as gas prices tumbled.  ( 1 min )

Een aanhoudende ruzie tussen Philips en Lidl over scheerapparaten krijgt een vervolg. De Hoge Raad besliste vrijdag dat de zaak over een apparaat van Lidl dat te veel zou lijken op twee apparaten van Philips deels moet worden overgedaan.  ( 3 min )

Supermarktketen Albert Heijn gaat stoppen met de verkoop van messen in de winkels. Dat bevestigt een woordvoerder na berichtgeving van NH Nieuws. In juni werd in een Haags filiaal een supermarktmedewerkster neergestoken, waarna zij overleed aan haar verwondingen.  ( 4 min )

De productie van Ford Fiesta's komt vrijdag na bijna vijftig jaar tot een einde. De bestverkopende auto van het Verenigd Koninkrijk moet plaatsmaken voor elektrische modellen.  ( 3 min )

Supermarktketen Albert Heijn gaat stoppen met de verkoop van messen in de winkels. Dat bevestigt een woordvoerder na berichtgeving van NH Nieuws. In juni werd een supermarktmedewerker neergestoken, waarna zij overleed aan haar verwondingen.  ( 4 min )

Je hebt geen toegang meer tot Twitter of Reddit met populaire apps zoals Tweetbot en Apollo. Beide platforms zijn op zoek naar nieuwe inkomstenbronnen. Daarom vragen ze sinds kort geld aan appontwikkelaars voor toegang tot hun systemen.  ( 4 min )

De enige autofabriek in Nederland heeft later dit jaar mogelijk een nieuwe opdrachtgever. VDL Nedcar heeft een intentieovereenkomst getekend met een bedrijf dat overweegt zijn auto's in Born te laten bouwen.  ( 3 min )

Een klimaatfonds met daarin 34 miljard euro subsidie voor groene investeringen is door de Tweede Kamer goedgekeurd. Het kabinet wist steun te krijgen van onder meer GroenLinks en PvdA, waardoor het plan met een ruime meerderheid is aangenomen.  ( 3 min )

Minister Rob Jetten (Klimaat en Energie) heeft een klimaatpakket van 28 miljard euro gepresenteerd. Op ons reactieplatform NUjij regende het deze week vragen over de opwarming die dat pakket moet voorkomen: 0,000036 graden wereldwijd. Hoe zit dat?  ( 8 min )

Je hebt geen toegang meer tot Twitter of Reddit met populaire apps zoals Tweetbot en Apollo. Beide platforms zijn op zoek naar nieuwe inkomstenbronnen. Daarom vragen ze sinds kort geld aan appontwikkelaars voor toegang tot hun systemen.  ( 4 min )

Kippenboeren kunnen hun vrije-uitloopkippen vanaf vandaag weer buiten laten lopen doordat de ophokplicht gedeeltelijk vervalt. Dat zorgt al snel voor de terugkeer van vrije-uitloopeieren in de winkel. Maar er zijn twijfels of de consument hier nog op zit te wachten.  ( 5 min )

Chinese Tesla-kopers kunnen 3.500 yuan (bijna 500 euro) terugkrijgen na aankoop van een nieuwe auto. Hiermee zet Tesla de prijzenoorlog in China op scherp.  ( 3 min )

Je hebt geen toegang meer tot Twitter of Reddit met populaire apps zoals Tweetbot en Apollo. Beide platforms zijn op zoek naar nieuwe inkomstenbronnen. Daarom vragen ze sinds kort geld aan appontwikkelaars voor toegang tot hun systemen.  ( 4 min )

De Europese Commissie start een diepgravend onderzoek naar de overname van stofzuigerfabrikant iRobot door Amazon. Brussel is bang dat het bedrijf te machtig wordt op de markt voor robotstofzuigers en andere merken gaat weren uit zijn webwinkel.  ( 3 min )

De nieuwe app Threads van Instagram-moederbedrijf Meta gaat de strijd aan met Twitter. Met nu al ruim dertig miljoen gebruikers maakt Threads een vliegende start. Maar de app is nog verre van perfect.  ( 4 min )

Het gerechtshof Amsterdam heeft vrijdag besloten dat Schiphol tóch moet krimpen. Daardoor mogen er niet langer 500.000 vliegtuigen per jaar landen of opstijgen. Dat is een grote opluchting voor de omwonenden, die last hebben van het lawaai.  ( 3 min )

Schiphol koopt negentien bagagerobots in om het zware sjouwwerk te verlichten. De Arbeidsinspectie wees de luchthaven er in maart al op dat het zo niet langer kon.  ( 3 min )

De Russische munt is fors in waarde gedaald. Alleen bij de start van de oorlog in Oekraïne betaalden Russen meer roebels voor een euro dan nu. De oorzaak lijkt de opstand van de Wagner Group van eind juni.  ( 3 min )

Er waren in 2022 minder mensen met een beperking aan het werk bij de overheid. Dat staat haaks op de afspraak dat ze meer werkgelegenheid voor deze groep moet creëren. Dankzij andere werkgevers kwamen er onder de streep toch banen bij.  ( 4 min )

De Duitse industrie komt nog steeds niet op gang. De productie daalde in de maand mei onverwacht en is nog steeds lager dan voor de coronapandemie. Daardoor blijft de vrees voor een diepere recessie in Duitsland.  ( 3 min )

Twitter beschuldigt Meta van valsspelen met zijn nieuwe berichtendienst Threads. Volgens het bedrijf van Elon Musk heeft het Instagram-moederbedrijf tientallen voormalige Twitter-medewerkers in dienst die toegang hadden tot de bedrijfsgeheimen van het platform.  ( 3 min )

De nieuwe app Threads van Instagram-moederbedrijf Meta gaat de strijd aan met Twitter. Met nu al ruim dertig miljoen gebruikers maakt Threads een vliegende start. Maar de app is nog verre van perfect.  ( 4 min )

Het gerechtshof in Amsterdam beslist vandaag of er gesneden mag worden in het aantal vluchten op Schiphol. Daar mogen nu nog 500.000 vliegtuigen per jaar landen of opstijgen, maar dat moet van het kabinet omlaag naar 440.000. Vooral KLM voelt daar niets voor.  ( 4 min )

Investors still follow an old set of principles, known as modern portfolio theory (MPT), that reduce risk and increase returns through diversification.  ( 22 min )

America's power to influence and impede trade and immigration goes far beyond the military's reach. Here's a look at countries with U.S. sanction programs.  ( 23 min )

Discover how MetaBank's NetSpend overdraft protection works and how much it charges for each overdraft transaction.  ( 20 min )

A business auto coverage form is a form that describes the key elements of a business auto policy (BAP).  ( 18 min )

The conforming loan limit is the annually adjusted dollar cap on the size of a mortgage that Fannie Mae and Freddie Mac will purchase or guarantee.  ( 19 min )

Low-income loans can help those with limited income access funds for emergency expenses or other needs. Learn more about the types of loans available, eligibility requirements, and how to apply.  ( 23 min )

Bausch + Lomb purchased Blink brands from a J&J subsidiary for $106.5 million to expand its over-the-counter offerings.  ( 16 min )

For the first time in nearly a year, the average home sold for more than its asking price during the four weeks ending July 2.  ( 17 min )

The Dow Jones Industrial Average fell 1.1%, or 366 points, Thursday after private sector payroll data showed that the labor market remains strong, raising fears that the Federal Reserve could hike rates faster or higher than planned.  ( 17 min )

A study finds 41% of workers think future retirees will be worse off financially than those currently retired.  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Endowment life insurance combines life insurance with a long-term savings plan. Learn how endowment life insurance policies work and about their pros and cons.  ( 24 min )

A bad check is one that's drawn on an account that doesn't exit or on an account with insufficient funds to honor the amount of the check when it's presented for payment.  ( 23 min )

Discover the least stressful jobs in America. Our list includes average salary, education requirements, and job outlook for these low-stress careers.  ( 27 min )

In FX, it's not the price environment that decides this for you. Learn the differences to see which you prefer.  ( 22 min )

Proxy materials for shareholders to vote on arrive before corporate annual meetings. They contain information about board make-up, executive compensation, and more.  ( 24 min )

A fixed cost is a cost that does not vary with the level of production or sales.  ( 27 min )

If you fall behind on your personal loan payments, at the very least, your credit score will likely take a hit as the late payments remain on your credit report for a minimum of seven years.  ( 23 min )

While personal loan balances will vary between different kinds of borrowers, Americans on average have approximately $8,018 in personal loan debt as of Q4'22.  ( 21 min )

Layoff announcements sank in June to the lowest level since October, but remained higher than a year ago, according to a survey from outplacement and executive coaching firm Challenger, Gray & Christmas.  ( 17 min )

The Dow, S&P 500, and Nasdaq were all down more than 1% midday as investors reacted to new job numbers.  ( 16 min )

The City of London Corporation is a governing body made up of 125 elected representatives that exercises the powers of a local authority  ( 24 min )

The number of positions available dipped to 9.8 million, second-fewest in more than two years.  ( 16 min )

Record Chinese electric vehicle sales in June boosted Tesla deliveries, leading to retail buying in stocks such as Rivian.  ( 17 min )

Free of Particular Average (FPA) is an insurance contract clause that eliminates an insurer’s liability for partial losses.  ( 20 min )

Exxon Mobil Corp’s stock fell 2.4% in early trading Thursday after the company warned falling natural gas prices, lower margins, and soft demand could shave billions off its second-quarter earnings.  ( 17 min )

Learn about the various types of life insurance (term life, whole, universal variable, and final expense) and how to decide which is best for you.  ( 27 min )

London's financial districts encompass Canary Wharf, the Square Mile, and Lombard Street, each with its distinct characteristics.  ( 25 min )

Learn about U.K. pension schemes, including the State Pension, workplace pensions, and personal pensions, to plan for a secure financial future during retirement.  ( 21 min )

Meta Platforms’ (META) newest creation, a social media app called ‘Threads’, attracted 10 million users in just seven hours after launching late yesterday.  ( 17 min )

Rates on 30-year mortgages rose by a 8 basis points, following a one-day decline after seven prior days of continuous growth. Most other averages also increased on Wednesday.  ( 20 min )

Philip N. Jefferson is an American economist who, in May 2023, was named Vice Chair of the Federal Reserve Board (FRB). This is the board’s second-highest position, and makes Jefferson a powerful voice in determining U.S. economic policy.  ( 21 min )

In the commodity futures markets, the term “back months” refers to the futures contracts whose delivery dates are relatively far in the future.  ( 18 min )

Learn how to halt options losses when the market moves quickly in an unfavorable direction.  ( 24 min )

Yield to maturity (YTM) is the total return expected on a bond if the bond is held until maturity.  ( 29 min )

There are many methods used by the government to control inflation; one popular method is contractionary monetary policy.  ( 26 min )

A V-shaped recovery refers to a type of economic recession and recovery that resembles a 'V' shape in charting. It involves a sharp rise back to a peak after a sharp decline.  ( 26 min )

Created in 1789, the U.S. Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes, and bills. Discover more here.  ( 20 min )

JetBlue hopes to salvage its $3.8 billion Spirit acquisition by ending the Northeast Alliance with American Airlines following a court ruling.  ( 17 min )

Continuing claims refers to the number of people who have already filed an initial claim and are still filing for unemployment benefits.  ( 21 min )

Unemployment insurance is a benefit for workers who have lost their jobs and meet certain eligibility requirements.  ( 28 min )

Meta’s new Twitter rival, Threads, signed up 10 million users after its launch, and job openings are expected to fall. Here’s what investors need to know today.  ( 18 min )

Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver. Read more about dollars, euros, and other fiat money.  ( 29 min )

High mortgage rates are keeping would-be buyers out of the market as rents in New York reach records.  ( 16 min )

Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.  ( 20 min )

Denationalization, also known as privatization, is the process of turning government-owned services over to private companies.  ( 25 min )

Bridging the gap between fiat currency and cryptocurrency, stablecoins aim to achieve stable price valuation using different working mechanisms.  ( 26 min )

he race for critical minerals has gone global in recent years, and companies that are able to extricate themselves from China’s grasp may become strategically vital  ( 17 min )

Concordia said it bought 8.18 million shares of Rothschild at 46.60 euros per share. The Rothschild family said in February it was seeking to take the bank private. Rothschild in May posted a 10% drop in first-quarter sales, as global mergers and acquisition activity fell to the lowest level in more than a decade.  ( 6 min )

(Bloomberg) -- Starbucks Corp. violated federal labor law when it shut down a unionized store in Ithaca, New York, a US labor board judge ruled Thursday.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskUS National Labor  ( 8 min )

Mergers on Wall Street have a way of creating substantial volatility. Usually, the company that makes the acquisition immediately loses a few points, while the company that is acquired skyrockets because of the price premium it receives on the deal. Investors who own the acquiring company hope that the merger will create substantial earnings and revenue that will propel the stock higher down the road. But it doesn’t always work out that way. One well-known example of a deal that went south was t  ( 9 min )

ESS had flatly denied the allegations and vowed to fight them.  ( 9 min )

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The cost of gasoline was sky high a year ago, boosting the top line, but the market has turned around.  ( 26 min )

Thirty-seven percent of workers have taken a loan, early withdrawal, and/or hardship withdrawal from their 401(k) or similar plan or IRA.  ( 9 min )

Senior members of Binance’s legal and compliance team left the company this week.  ( 7 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

Stocks fell on Thursday after strong labor data spurred fears around further Federal Reserve interest rate hikes, reviving concerns about the impact of those hikes on the economy.  ( 7 min )

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Cronos Group Inc, the Canadian cannabis producer backed by cigarette maker Altria Group Inc, is exploring options that include a potential sale after attracting acquisition interest, according to people familiar with the matter. Spokespeople for Altria did not immediately respond to a request for comment. The sale talks involving Cronos come at a time of uncertainty for the cannabis industry, as more favorable regulatory regimes in North America have fueled fierce competition among a growing field of companies.  ( 7 min )

Stocks fell on Thursday after strong labor data spurred fears around further Federal Reserve interest rate hikes, reviving concerns about the impact of those hikes on the economy.  ( 7 min )

FedEx is encouraging UPS shippers to get off the fence today. It is also setting policies for onboarding. The post FedEx advises UPS shippers to get on board now appeared first on FreightWaves.  ( 7 min )

(Bloomberg) -- Canadian companies are at risk of facing higher interest costs as an unintended consequence of a government proposal to eliminate the country’s C$260 billion ($195 billion) mortgage bond program, an investors’ lobby group has warned.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Swoon After Jobs Data Dashes Rate Cut Hopes: Markets WrapNYC Air Quality Drops to Unhealthy Level  ( 7 min )

(Bloomberg) -- Hotter-than-expected private hiring data has woken up Wall Street’s chief fear gauge after weeks of quiet in volatility markets. One trader is betting it’s just the start of a new round of turbulence. Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeStocks Stumble as Traders Turn to Payroll Data: Markets WrapUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskNYC Air Quality  ( 7 min )

(Bloomberg) -- From wrong-way calls on bonds to Big Tech and the economy, it’s been an awful year for conventional wisdom. So when almost four in five Wall Street pros tell you the stock market is too calm, the savviest thing to do is to bet it stays that way.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeStocks Stumble as Traders Turn to Payroll Data: Markets WrapUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalBiden Set to Send Cluster Muniti  ( 10 min )

(Bloomberg) -- A massive luxury student housing complex in Texas is still showing signs of financial strain.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Swoon After Jobs Data Dashes Rate Cut Hopes: Markets WrapNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskNCCD-College Station Properties LLC failed  ( 7 min )

Bud Light has been fighting an uphill battle since it partnered with transgender social media influencer Dylan Mulvaney in April. While Mulvaney has 10.6 million followers on TikTok, the collaboration triggered a backlash on social media and led to a boycott by some beer drinkers. The New York Times recently reported that at Glenn Miller's Beer & Soda Warehouse in Lemoyne, Pennsylvania, a 30-pack of Miller Lite was selling for $24.99. In contrast, a 30-pack Bud Light was priced at just $8.99 aft  ( 8 min )

Sweetgreen shares are moving higher after Bank of America upgraded its rating from neutral to buy.  ( 8 min )

Jeremy Grantham is one of those investors who has achieved legendary status in his own lifetime. He’s made a fortune, and a reputation, as a contrarian – an investor who takes a bearish look at the market, and has a knack for calling, and avoiding, asset bubbles. And right now, Grantham points out that the stock markets are showing all the signs of a bubble on the edge of bursting, and he’s predicting a 70% chance that the market will crash in the near-term. In brief, Grantham believes current m  ( 11 min )

Kevin O’Leary, renowned investor and star of "Shark Tank," has challenged Tesla Inc. CEO Elon Musk‘s controversial assertion that working from home is “immoral.” O’Leary, who oversees a vast business empire consisting of 54 companies, has expressed his support for remote work and rejects any notion of immorality associated with it. Musk, the influential figure behind Tesla and Twitter, recently launched a scathing critique of remote work, questioning its ethical implications. He argued that whil  ( 9 min )

After dealing with a battery issue and plant upgrades, Ford EV sales rebounded in the second quarter compared with the first quarter of 2023.  ( 29 min )

Critics are calling for a boycott of Ben & Jerry's after the ice-cream brand's July 4th tweet but parent company Unilever looks insulated from a backlash.  ( 29 min )

The first half of 2023 is in the books, and it has been a pretty good year for the JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI). The ETF, which features a dividend yield of just over 10%, has taken in $10 billion in net inflows (as of late June), more than all but two other ETFs, the massive Vanguard S&P 500 ETF and the iShares 20+ Year Treasury Bond ETF, which is quite an achievement given the ubiquity of these passive ETFs. Not only that, but the inflows have increased JEPI’s assets unde  ( 9 min )

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The key is to buy a basket of the cheap ones, so that gains in a few of them can offset disappointing performance in others.  ( 29 min )

A federal judge said Rivian Automotive must face a lawsuit claiming it defrauded shareholders during and after its blockbuster 2021 initial public offering by concealing that had underpriced its electric vehicles, leading to unpopular price hikes. U.S. District Judge Josephine Staton in Los Angeles said shareholders could try to prove that Rivian, which is not profitable, knew it would have to raise prices on its R1S SUV and R1T pickup truck because of higher materials costs, to avoid even bigger losses. Rivian's share price slid 39% over 10 days after the Irvine, California-based company on March 1, 2022 raised the R1S price to $84,500 from $70,000 and the R1T price to $79,500 from $67,500, angering customers on social media and elsewhere.  ( 7 min )

Stocks extended earlier losses in Thursday morning trading as traders anticipated more hawkish moves from the Federal Reserve. The Dow Jones Industrial Average was down 448 points, or 1.4%. It would be the Dow's largest one-day decline since March 22. The S&P 500 declined 1.2%, while the Nasdaq Com  ( 12 min )

(Bloomberg) -- Wall Street’s outlook for US stocks remains near a six-year low even after surging last month, a contrarian sign that suggests brighter times ahead, according to Bank of America Corp.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeStocks Stumble as Traders Turn to Payroll Data: Markets WrapUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalZuckerberg’s First Tweet in 11 Years Is Playful Jibe at MuskNYC Air Quality Drops to Unhealthy  ( 8 min )

Argentina's central bank is set to hold its benchmark interest rate steady at 97% in the near term with optimism that monthly inflation will slowly ease, two bank sources said on Thursday, a boost for the government ahead of primary elections next month. The South American nation has annual inflation running at 114%, though the monthly CPI rise slowed slightly in May to 7.8% from a peak the month before. One of the sources, a central bank adviser, said inflation in June was expected to slow further.  ( 6 min )

Stocks dropped shortly after the market opened on Thursday as traders reacted to the latest wave of economic data. The Dow Jones Industrial Average declined 322 points, or 1%. The S&P 500 was down 1%, while the Nasdaq Composite slid 1.1%. ADP said [private-sector job growth](https://www.barrons.co  ( 13 min )

During Thursday’s trading session, the euro exhibited a state of indecisiveness, with its rate fluctuating within a specific range – the 50 Day EMA and the 1.09 level.  ( 7 min )

Most people's income comes as the direct result of work - you get a job, show up, hopefully perform decently well and then money shows up in your bank account. Some people, though, look to set up streams of passive … Continue reading → The post Passive Income: How Is It Taxed? appeared first on SmartAsset Blog.  ( 9 min )

A Roth IRA gets favorable tax treatment that can help you accumulate funds for retirement. Despite the advantages, you can lose some or all of the money you put into a Roth IRA. One possible reason for a decline in … Continue reading → The post Can You Lose Money in a Roth IRA? appeared first on SmartAsset Blog.  ( 9 min )

Ford Motor Co on Thursday reported a near 10% rise in second-quarter U.S. auto sales, helped by strong demand for personal vehicles and easing supply chain disruptions. The U.S. automaker's quarterly sales rose to 531,662 vehicles from 483,688 vehicles a year earlier. Ford joins global rivals in reporting a rise in U.S. sales, as a steady jobs market despite the Federal Reserve's hawkish monetary policy boosted demand.  ( 6 min )

Legendary billionaire investor and Berkshire Hathaway Inc. CEO Warren Buffett believes that value investing still holds significant opportunities despite the market's changing landscape. During Berkshire Hathaway's annual shareholders’ meeting, Buffett expressed optimism about the future of value investing, citing the prevalence of "other people doing dumb things" as a key driver of these opportunities. "What gives you opportunities is other people doing dumb things," Buffett said. "During the 5  ( 8 min )

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Stocks fell at the open on Thursday after strong labor data spurred fears around further Federal Reserve interest rate hikes, reviving concerns about the impact of those hikes on the economy.  ( 7 min )

Many prices less affected by monetary policy matter more for cooling inflation, giving central banks reasons to be overly hawkish.  ( 29 min )

Live coverage of what's moving stocks and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite  ( 21 min )

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Following are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and germanium exports. The German automaker said gallium and germanium played a role in future autonomous driving functions. * Taiwan's TSMC, the world's largest contract chipmaker, said it did not expect any direct impact on its production but would continue monitoring the situation.  ( 7 min )

Trucking giant Yellow said it may run out of money sometime this month. The union boss says he doesn’t mind it happening. The post Why Teamsters is willing to sacrifice 22,000 union trucking jobs appeared first on FreightWaves.  ( 10 min )

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Live coverage of what's moving stocks and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite  ( 21 min )

Stocks were setting up to fall at the open on Thursday after the Federal Reserve's messaging spurred expectations for an interest-rate increase in July, reviving concerns about the impact on the economy.  ( 7 min )

Meta Platforms launches Threads, its rival to Twitter; Bank of America raises its quarterly dividend; and JetBlue says it will wind down its joint venture with American Airlines.  ( 27 min )

The low-cost airline reiterated that it strongly disagrees with the ruling but said it has made the “difficult decision” to begin terminating its alliance with American Airlines in the New York and Boston areas.  ( 27 min )

Iranian crude exports have hit a five-year high in recent months as the country ships more oil to China and other buyers.  ( 30 min )

Exxon said profits fell sharply in the second quarter compared with last year.  ( 24 min )

The new top dogs in China’s electric vehicle market are starting to thin out the pack. Tesla is in the running, but most other foreign brands aren’t.  ( 29 min )

(Bloomberg) -- Equity benchmarks across Asia fell on Thursday with Hong Kong shares leading the losses in a broad, risk-off move across global markets.Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapFed Minutes Reveal Divisions Over Decision to Pause in JuneEarth Keeps Breaking Temperature Records Due to Global WarmingT  ( 9 min )

(Bloomberg) -- Tesla Inc. and China’s top electric-vehicle makers including BYD Co. pledged to maintain fair competition and avoid “abnormal pricing” in the world’s biggest EV market, signaling a possible end to the 2023 price war that’s shrouded the industry. Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapInstagram Un  ( 8 min )

(Bloomberg) -- Teva Pharmaceutical Industries Ltd. is weighing options for its active ingredients business, including a possible sale, people with knowledge of the matter said, as takeovers of health-care assets continue to defy the global dealmaking slump. Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapInstagram Unvei  ( 8 min )

These banks are relatively cheap, have managed to hold onto their deposits, and are not threatened by exposure to troubled sectors like commercial real estate.  ( 24 min )

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Affirm, American Express, Conagra, Eagle Materials, and HubSpot. Affirm (NASDAQ:AFRM) shares were recently down about 6% premarket after Piper Sandler downgraded the company to Underweight from Neutral with a price target of $11.00. Piper noted that Affirm relies heavily on loan sales for revenue, but that higher rates and wider credit spreads have led them to hold more loans on their balance sheet, which also pressures operating margins.  ( 7 min )

A new report from the Brookings Institutions demonstrates the danger of crypto volatility on the job market.  ( 7 min )

HONG KONG (Reuters) -China has released its first homegrown open-source desktop operating system, named OpenKylin, state media said, as the country steps up efforts to cut reliance on U.S. technology. Released on Wednesday, and based on the existing open-source Linux operating system, China's version was built by a community of about 4,000 developers, and is used in its space programme and industries such as finance and energy, they added. China's massive market for operating systems was worth 15.5 billion yuan ($2.1 billion) last year, state media said, citing an industry report.  ( 6 min )

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Microsoft, Twilio, and Zscaler are among the companies that could deliver AI success to stave off a potential downturn in technology stocks.  ( 24 min )

Filing indicates the actively managed vehicles will make the transition in November  ( 7 min )

In India’s bustling streets, where two-wheelers are seen as the primary mode of transportation, a powerful shift toward electrification is happening. Electric scooter sales have taken a hit, and the blame falls squarely on the recent reduction of government subsidies. In May, the Indian government revised its incentive scheme called Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles, commonly called FAME-II, and reduced subsidies to $122 (10,000 Indian rupees) per kWh of battery capacity, with a maximum cap of 15% of the ex-factory vehicle price.  ( 12 min )

"For oil refineries and trading companies, the cost of holding oil in tanks has become much more expensive."  ( 7 min )

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Bausch + Lomb purchased Blink brands from a J&J subsidiary for $106.5 million to expand its over-the-counter offerings.  ( 1 min )

Exxon Mobil Corp’s stock fell 2.4% in early trading Thursday after the company warned falling natural gas prices, lower margins, and soft demand could shave billions off its second-quarter earnings.  ( 1 min )

JetBlue hopes to salvage its $3.8 billion Spirit acquisition by ending the Northeast Alliance with American Airlines following a court ruling.  ( 1 min )

The Dow Jones Industrial Average fell 1.1%, or 366 points, Thursday after private sector payroll data showed that the labor market remains strong, raising fears that the Federal Reserve could hike rates faster or higher than planned.  ( 1 min )

Meta’s new Twitter rival, Threads, signed up 10 million users after its launch, and job openings are expected to fall. Here’s what investors need to know today.  ( 1 min )

De nieuwe app Threads van Instagram-moederbedrijf Meta gaat de strijd aan met Twitter. Met nu al ruim dertig miljoen gebruikers maakt Threads een vliegende start. Maar de app is nog verre van perfect.  ( 4 min )

De landelijke ophokplicht voor pluimvee wordt voor het grootste deel van Nederland ingetrokken. De overheid stelde de ophok- en afschermplicht in september vorig jaar in, nadat veel kippen en andere soorten pluimvee besmet waren geraakt met de vogelgriep.  ( 3 min )

Het kabinet wil verplichten dat er zonnepanelen komen boven nieuwe parkeerplaatsen. Verder moeten ze zo veel mogelijk op daken en gevels komen, en niet meer in weilanden.  ( 4 min )

Door een "verslaving aan inkomsten uit de fossiele samenleving" heeft het kabinet geen duidelijk plan om ons vervoer te verduurzamen, schrijven vertegenwoordigers uit de mobiliteitssector in een brandbrief aan klimaatminister Rob Jetten.  ( 6 min )

Beleggers betaalden donderdag voor een bitcoin meer dan 31.000 dollar (zo'n 28.500 euro). Het was voor de grootste cryptomunt ter wereld de hoogste koers in meer dan een jaar.  ( 3 min )

De komst van kweekvlees is weer een stap dichterbij. Door groen licht van de verantwoordelijke ministeries kan het nog dit jaar geproefd worden. Maar tot zo'n revolutionaire burger echt op ons bord ligt, is er nog een lange weg te gaan.  ( 6 min )

Shell-topman Wael Sawan vindt het verlagen van de olie- en gasproductie gevaarlijk en onverantwoord. Volgens hem heeft de wereld deze fossiele brandstoffen juist hard nodig.  ( 3 min )

De zomerstorm Poly heeft naar schatting voor 50 tot 100 miljoen euro aan schade veroorzaakt. Vooral woningen, auto's en bedrijfsgebouwen hebben schade opgelopen.  ( 3 min )

Er moet een einde komen aan de uitwassen van zzp'ers in de zorg, die eigenlijk werk doen van mensen in loondienst. Drie ministeries kondigen nu aan dat ze de regels tegen schijnzelfstandigheid strenger gaan handhaven.  ( 5 min )

Er moet een einde komen aan de uitwassen van zzp'ers in de zorg, die eigenlijk werk doen van mensen in loondienst. Drie ministeries kondigen nu aan dat ze de regels tegen schijnzelfstandigheid strenger gaan handhaven.  ( 4 min )

Woningkopers hebben er weer vertrouwen in en dat brengt de dynamiek op de woningmarkt weer op gang, meldt makelaarsvereniging NVM. Zo nam het aantal verkochte woningen in het tweede kwartaal van 2023 met 20 procent toe ten opzichte van begin dit jaar.  ( 6 min )

Woningkopers hebben er weer vertrouwen in en dat brengt de dynamiek op de woningmarkt weer op gang, meldt makelaarsvereniging NVM. Zo nam het aantal verkochte woningen in het tweede kwartaal van 2023 met 20 procent toe ten opzichte van begin dit jaar.  ( 6 min )

De krapte op de Nederlandse arbeidsmarkt nam in de eerste drie maanden van dit jaar iets af. Toch is het probleem nog niet opgelost: in de meeste beroepen zijn heel veel vacatures.  ( 3 min )

Al tien miljoen mensen hebben zich aangemeld op Threads, de Twitter-concurrent van Instagram-moederbedrijf Meta.  ( 4 min )

De prijzen van huurhuizen in de vrije sector zijn de afgelopen maanden flink opgelopen in de grote steden. Vooral in Amsterdam, Rotterdam en Den Haag waren huurders duurder uit. Dat komt doordat het aanbod steeds kleiner wordt, wat prijzen opdrijft.  ( 4 min )

Chinese investors are rushing offshore to make dollar deposits and buy Hong Kong insurance in a signal domestic confidence is languishing and that the ailing yuan faces more pressure. The outflows highlight deep-seated concern about the state of China's economy as its much-awaited pandemic recovery stalls. Brokers say individuals are responsible for the surge and it shows no sign of letting up, which analysts warn could put further pressure on the yuan as it teeters at eight-month lows.  ( 9 min )

(Bloomberg) -- Exxon Mobil Corp. said lower natural gas prices and refining margins will reduce second-quarter earnings by about $4 billion compared with the previous three months.Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapEarth Keeps Breaking Temperature Records Due to Global WarmingFed Minutes Reveal Divisions Ov  ( 7 min )

Teva Pharmaceutical Industries Ltd (NYSE: TEVA) is reportedly considering potential strategic options for its active pharmaceutical ingredients (API) unit, which could include a potential sale. This news comes from individuals privy to the matter, who indicated that the current healthcare asset acquisitions continue despite the broader global slowdown in dealmaking. Working with consultants, Teva is attempting to identify potential buyers for its API unit, which could be valued at approximately  ( 7 min )

Bank of America (BofA) said on Wednesday it planned to increase its quarterly common stock dividend to 24 cents per share from 22 cents per share beginning in the third quarter of 2023. BofA, unlike other major U.S. banks, had held back a decision on the dividend last week. Rivals JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley hiked their third-quarter dividends on Friday after sailing through the Federal Reserve's stress test.  ( 7 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Bank of America says it plans to raise its dividend. The announcement Wednesday makes it the last of the six biggest U.S. banks to announce dividend-in  ( 22 min )

Florida homeowners insurance is the costliest in the nation--and going higher. Critics say Florida governor Ron DeSantis should do more to fix the problem instead of campaigning for president.  ( 10 min )

(Bloomberg) -- SVB Financial Group, the bankrupt former owner of Silicon Valley Bank, won court permission to sell its investment banking arm for $100 million, four years after it paid $280 million for the unit.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameEarth Keeps Breaking Temperature Records Due to Global Warming  ( 7 min )

BlackRock (BLK) CEO Larry Fink said crypto, specifically bitcoin (BTC), could revolutionize the financial system in an interview with Fox Business on Wednesday.  ( 7 min )

Stocks dropped at the open Wednesday, as investors eyed headwinds for the global economy and braced for the release of Federal Reserve minutes.  ( 7 min )

During Berkshire Hathaway Inc.'s annual shareholder meeting, CEO Warren Buffett shared his insights on how he became one of the world's most respected investors. One crucial lesson he emphasized was the need to remain rational and unswayed by emotions when it comes to matters of business. Seeking confirmation, Buffett turned to his partner and right-hand man Charlie Munger and asked, "Have we ever made an emotional decision?" In his characteristically dry manner, Munger promptly replied, "No." S  ( 8 min )

(Bloomberg) -- It’s not only yields that are set to be impacted as the US Treasury ramps up the supply of bills, according to interest-rate strategists at Barclays Plc. Most Read from BloombergNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t to BlameXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBond Yields Higher as Another Rate Hike Signaled: Markets WrapFed Minutes Reveal Divisions Over Decision to Pause in JuneEarth Keeps Breaking Temperature Records Due  ( 8 min )

(Bloomberg) -- Federal Reserve officials were less united at their June meeting than their unanimous decision suggested, as some favored interest-rate increases but went along with the move to leave policy unchanged. Most Read from BloombergEquity Losses Stick as Traders Digest Fed Minutes: Markets WrapEarth Keeps Breaking Temperature Records Due to Global WarmingXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeNYC Air Quality Drops to Unhealthy Levels — But Canadian Fires Aren’t t  ( 9 min )

Stocks dropped at the open Wednesday, as investors eyed headwinds for the global economy and braced for the release of Federal Reserve minutes.  ( 7 min )

Some Federal Reserve officials pushed to raise the Fed’s key interest rate by one-quarter of a percentage point at their meeting last month to fight high inflation, though the central bank ultimately decided to forgo a rate hike. In the end, the 11 voting members of the Fed’s interest-rate setting committee agreed unanimously to skip a hike after 10 straight increases. In Fed parlance, “some” is less than “most” or “many,” evidence that the support for another rate hike was a minority view.  ( 6 min )

A united U.S. Federal Reserve agreed to hold interest rates steady at the June meeting as a way to buy time and assess whether further rate hikes would be needed, even as the vast bulk expected they would eventually need to tighten policy further, according to meeting minutes released on Wednesday. While "some participants" wanted to move ahead with a rate hike in June because progress in cooling inflation had been slow, "almost all participants judged it appropriate or acceptable to maintain" the federal funds rate at the existing 5% to 5.25%, the minutes said. The minutes added detail to the policy statement and economic projections issued after the June 13-14 session, when the Fed ended its 10-meeting streak of rate hikes with a decision to hold the benchmark federal funds rate steady.  ( 6 min )

Less than a year after purchasing Romeo Power to secure its battery supply, Nikola is liquidating the subsidiary. The post Nikola moves to liquidate battery pack maker Romeo Power appeared first on FreightWaves.  ( 9 min )

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The Spectre EV is delivering what it was meant to do — be a Rolls-Royce motorcar first above all else.  ( 8 min )

Wall Street fearmongers keep warning that a recession and stock market crash are just around the corner. It's time to start ignoring them.  ( 11 min )

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CD rates haven’t been this high in years. As the Fed pushes up interest rates, CD rates are rising too. Find the best deals and rates on CDs.  ( 9 min )

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With a net worth of $153 billion, Amazon.com Inc. Founder Jeff Bezos can probably afford to buy any house he wants. But right now, he's renting. Bezos and his fiancée Lauren Sanchez are reportedly renting a home in Malibu, California, from legendary jazz saxophonist Kenny G for $600,000 per month. The 5,500-square-foot house comes with a huge backyard, pool, screening room and recording studio. It also has a 3,500-square-foot guesthouse. The estate gives the couple access to Little Dume Beach, o  ( 9 min )

U.S. equities declined at midday on Wednesday, July 5, 2023, ahead of the release of meeting minutes from the Fed's June policy meeting.  ( 16 min )

This year's rally started off with tech, but big names within other sectors may be showing a breadth expansion.  ( 8 min )

In the second quarter, 17.1% of people who are financing a vehicle purchase are paying more than $1,000 a month, a record. Rates could ease soon, however, as the Fed is closer to ending hikes.  ( 24 min )

The Phoenix-based semi-truck maker lost momentum because of several factors, including a fire and assembly-line modifications.  ( 28 min )

It's easy to earn a great rate on your savings or a CD, but it means looking beyond the big-name banks. Smaller players pay significantly more, and are just as safe.  ( 23 min )

Analyst Colin Langan added the auto maker to a list of stocks that could be moved up or down by significant events expected in the third quarter.  ( 24 min )

Rivian shares rose after beating EV delivery estimates for the second quarter and maintaining its guidance to double production by year end.  ( 17 min )

Wedbush analyst Dan Ives believes that ChatGPT will be the "next leg of growth" for Microsoft.  ( 24 min )

Digital World Acquisition Corp. said it has reached a preliminary settlement with regulators investigating the special-purpose acquisition company, and the stock is surging. Shares of DWAC—the SPAC trying to take former President Donald Trump's social-media company public—rose 13% on Wednesday morn  ( 22 min )

Netflix upgraded, Coinbase downgraded: Wall Street's top analyst calls  ( 9 min )

Two large drugmakers are advancing in early trading Wednesday. AstraZeneca's New-York listed ADR rose 2.6% shortly after the open; shares in the drugmaker sold off Monday after it reported mixed results in a trial for an experimental cancer drug. Moderna rose over 4% after [reports that it had  ( 21 min )

United Parcel Service said it hasn’t walked away from negotiations with the International Brotherhood of Teamsters, and it is encouraging the union to continue talks to avert a strike.  ( 29 min )

Over the past month, the EV-maker has posted better-than-expected delivery numbers, while Amazon.com is rolling out its vans in Europe.  ( 24 min )

2023 will surely be looked upon as the year AI went mainstream. Fueled by the rise of ChatGPT, the tech has captured the public’s imagination and it is a topic constantly hogging the headlines. Naturally, investors have also tuned in to the conversation, and AI has been driving the year’s rally in tech stocks. But there are already murmurings regarding a bubble in all things AI, so the question is: has the opportunity already played out this year? Not entirely, appears to be the opinion of one i  ( 10 min )

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The business includes operating assets of REC Solar, which Duke had acquired in 2015, development pipeline and operations and maintenance portfolio, as well as distributed fuel cell projects managed by Bloom Energy. Duke said it expects about $259 million of proceeds from this sale, which the company would use to help incorporate more than 30,000 megawatts of regulated renewable energy into its system by 2035. Duke's peers such as FirstEnergy and NiSource have also sold stakes in their subsidiaries this year as they seek to invest in cleaner sources of energy.  ( 7 min )

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The Citi CEO believes in leading with empathy.  ( 7 min )

(Bloomberg) -- For oil bulls, one of the biggest caps on prices this year is turning into a tailwind. Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeEarth Keeps Breaking Temperature Records Due to Global WarmingUS Futures Fall as China Data Saps Risk Appetite: Markets WrapLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USOil’s 10% drop so far in 2023 confounded some analyst and trader  ( 8 min )

After more than two months of negotiations, UPS and Teamsters, were unable to reach a consensus on a new four-year labor contract.  ( 7 min )

The U.S. is looking to restrict Chinese companies' access to U.S. cloud computing services and minutes of the latest Federal Reserve meeting could provide clues into how it will treat upcoming rate hike decisions. Here’s what investors need to know today.  ( 18 min )

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The bubble burst has been somewhat delayed by A.I. the investment stalwart said—but said it will not delay a crash he believes is inevitable.  ( 8 min )

When the bull market roars, growth stocks ramp. Here are 3 of the best high growth stocks surging in 2023.  ( 7 min )

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Kiwi Camara earned $110 million in pay last year as CEO of CS Disco, a legal tech company worth just $500 million.  ( 9 min )

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India's Bajaj Auto launched two locally-made Triumph motorcycles on Wednesday, two days after Hero MotoCorp unveiled a locally-made Harley model and adding to the competition in the premium space dominated by Eicher Motors' Royal Enfield. The launch of the two models, made in partnership with UK's Triumph Motorcycles, sent Bajaj Auto shares to a record high of 4,900 rupees. The Triumph Speed 400 will be priced at 233,000 rupees ($2,834), Bajaj Auto said, but did not disclose a price for the Scrambler 400X.  ( 7 min )

Stock futures dropped Wednesday, as traders returning from the Independence Day break eyed headwinds for the global economy and braced for the release of Federal Reserve minutes.  ( 7 min )

Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market, Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday. OPEC+, a group comprising the Organization of the Petroleum Exporting Countries and allies including Russia which pumps around 40% of the world's crude, has been cutting oil output since November in the face of flagging prices. Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil supply cuts on Monday in an effort to send prices higher.  ( 8 min )

A shuttered Illinois Jeep assembly plant will be at the center of a power struggle between the United Auto Workers union and Detroit's automakers as the manufacturers double down on cutting costs to fund an accelerated transition to electric vehicles. When the Stellantis factory in the northern Illinois town of Belvidere was idled in February, it left union members in shock as they had not expected the shutdown until June. "They wanted to reduce us even more which seemed like an impossible feat," Matt Frantzen, the local union president in Belvidere, said of the decision following a prior elimination of two work shifts at the factory.  ( 9 min )

The second half of the week also has some sets of economic data that are expected, including the non-farm payrolls report on Friday. Investor focus will be on minutes from the Fed's most recent policy meeting, expected at 2 p.m. ET, as U.S. markets resumed trading after being closed for the July 4 Independence Day holiday. Traders are near certain that the U.S. central bank will hike interest rates in July after pausing last month, but have only priced in a 32% chance that it would need to deliver another hike by October.  ( 6 min )

The giant of contract electronics manufacturing sees revenue drop almost 20% year over year in June, led lower by weakness in smart consumer electronics.  ( 24 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Amazon.com and Microsoft shares slip after a report says the U.S. is looking to restrict China’s access to cloud-computing services, and Rivian extends gains after strong second-quarter production.  ( 24 min )

American car shoppers have been flocking to dealerships, shaking off concerns about rising interest rates and inflationary pressures.  ( 31 min )

The right level for interest rates will eventually be much lower, according to financial markets and Federal Reserve policy makers, but that is no certain thing.  ( 30 min )

(Bloomberg) -- The collapse of two US auto dealers and a growing pile of delinquent car loans are threatening to deliver losses in a corner of Wall Street that, until now, has been a sea of calm: the asset-backed securities market.Bonds backed by car loans made by U.S. Auto Sales and American Car Center, two used-car dealers that shut their doors earlier this year, have been veering into distress in recent weeks. Borrowers have been falling behind on payments, and Citigroup believes that some of  ( 7 min )

↗️ Netflix (NFLX): The streaming giant's stock rose 1.3% in premarket trading after reports it will fine tune its advertising strategy with more targeted ads for sponsors. ↘️ Tesla (TSLA):  ( 20 min )

Treasury Secretary Janet Yellen heads to Beijing this week to help warm the relationship between the world’s two biggest economies.  ( 27 min )

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(Bloomberg) -- Exxon Mobil Corp.’s ambitious expansion in trading is running into a thorny issue: whether or not to pay traders millions of dollars in performance-related bonuses.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyStocks Decline as China Data Saps Risk Sentiment: Mar  ( 9 min )

(Bloomberg) -- China’s largest banks cut rates for the nation’s $453 billion corporate US dollar deposits for the second time in a matter of weeks, according to people familiar with the matter, as authorities intensify measures to shore up the struggling yuan.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing a  ( 8 min )

U.S. stocks were set to drop as trading resumes on Wednesday after the Independence Day holiday, with investors looking ahead to the publication of the minutes from the latest Fed meeting. The minutes from June’s Federal Open Market Committee will be released at 2 p.m. Eastern time and [will be wat  ( 11 min )

Sweden-based Volvo Cars on Wednesday reported a 33% rise in car sales in June from a year earlier, to 66,379 cars. "The overall sales increase was driven by the company's fully electric cars which quadrupled compared to the same period last year," it said in a statement.  ( 5 min )

Jordan’s Attarat power plant was envisioned as a landmark project promising to provide the desert kingdom with a major source of energy while solidifying its relations with China. Deals surrounding the plant put Jordan on the hook for billions of dollars in debt to China — all for a plant that is no longer needed for its energy, because of other agreements made since the project’s conception. The result is fueling tensions between China and Jordan and causing grief for the Jordanian government as it tries to contest the deal in an international legal battle.  ( 9 min )

(Bloomberg) -- A $1.8 billion project by defaulted Chinese developer Shimao Group Holdings Ltd. failed to find a buyer at a forced auction, underscoring the lack of investment appetite amid a weakening economy. Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyOdey’s Hedge Fund Emp  ( 6 min )

China's export controls on metals used in making semiconductors are "just a start", an influential trade policy adviser said on Wednesday, as it ramps up a tech fight with the U.S. days before U.S. treasury secretary Janet Yellen visits Beijing. Shares in some Chinese metals companies rallied for a second session, with investors betting that higher prices on gallium and germanium, which Beijing's export restrictions target, could boost revenues. China's abrupt announcement of controls from Aug. 1 on exports of some gallium and germanium products, also used in electric vehicles (EVs) and fibre optic cables, has sent companies scrambling to secure supplies and bumped up prices.  ( 7 min )

U.S. stocks' tendency to move in sync has plunged to near-record lows, but what might seem like a stock picker's dream may actually be a mirage, and investors may be in for a rude awakening. S&P 500 correlation - a gauge of herd behavior, which measures how closely daily returns of index constituents align over a month - slipped to 0.22 at the end of June, close to the lowest since November 2021, according to data from S&P Dow Jones Indices. Investors expect stocks to move increasingly out of sync as shown by the Cboe 3-Month Implied Correlation Index, which measures the 3-month expected average correlation across the top 50 value-weighted S&P 500 stocks.  ( 8 min )

An inscrutable investor nicknamed the “Czech sphinx” is poised for a showdown with a French spy-turned-tech billionaire in a battle for the control of one of the country’s biggest supermarkets.  ( 8 min )

"You want the riskless part of your portfolio to be absolutely riskless," financial author William J. Bernstein.  ( 24 min )

An excerpt from the second edition of William J. Bernstein's second edition of The Four Pillars of Investing: Lessons for Building a Winning Portfolio.  ( 24 min )

(Bloomberg) -- The Federal Reserve on Wednesday will shed some light on the discussions at their June meeting that left Wall Street perplexed.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyOdey’s Hedge Fund Empire Is Disintegrating Bit by BitThe Federal Open Market Committee pau  ( 7 min )

The dollar drifted near the middle of its range of the past three weeks against major peers on Wednesday, as traders looked ahead to the release of minutes from the Federal Reserve's latest meeting for clues about the path for monetary policy. The dollar index - which measures the currency against a basket of six major peers, including the euro and yen - was little changed at 103.02, after tracking between 103.75 and 102.75 since early June. The dollar hovered about half a yen below the 145 level that spurred intervention by Japanese authorities last autumn, after last week briefly popping as high as 145.07 for the first time since November.  ( 7 min )

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(Reuters) -Gold stuck to a narrow range on Wednesday as investors awaited the release of the U.S. Federal Reserve's latest monetary policy meeting minutes later in the day, with a stronger dollar also weighing on prices. Spot gold was little changed at $1,923.66 per ounce by 0243 GMT, while U.S. gold futures rose 0.1% to $1,931.20. The Federal Open Market Committee will issue minutes from its June 13-14 meeting at 1800 GMT.  ( 7 min )

TOKYO/SINGAPORE (Reuters) -Oil benchmark Brent fell on Wednesday, reversing some of the gains made after Saudi Arabia and Russia announced they would extend and deepen output cuts into August, as concerns over a global economic slowdown weighed on market sentiment. U.S. West Texas Intermediate (WTI) crude futures were at $70.86 a barrel, up $1.07, or 1.5%, from Monday's close, having traded through a U.S. holiday to mark Independence Day without a settlement. "Oil prices came under pressure again due to lingering worries over a slowdown in the global economy and further hikes of interest rates in the United States and Europe," said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting.  ( 8 min )

Bitcoin and Ether traded little changed on Wednesday morning in Asia, while the rest of the top 10 non-stablecoin cryptocurrencies were mixed.  ( 8 min )

At Vanguard, one-fifth of taxable brokerage account investors aged 85 or older have nearly all their money in stocks.  ( 29 min )

(Bloomberg) -- Asian equities look set to open lower Wednesday in subdued trading following a holiday for US markets. Oil climbed as traders weighed supply cuts.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeChina Restricts Export of Chipmaking Metals in Clash With USLazard Fires Senior Banker for Inappropriate Behavior at PartyRussian General Still Missing as Defense Chief Slams MutinyBank of America Says it Started Talks With Fed After Stress Test Result  ( 8 min )

Have the markets reached the exuberant stage? Bullish sentiment has been the order of the day for a while, and the S&P 500 currently sits at 4,455, reflecting year-to-date gains of 16%. By now, the index has already surpassed the year-end target of 4,400 set by Raymond James’ chief investment officer, Larry Adam. This achievement serves as a bit of vindication for Adam. He went against the prevailing sentiment at the start of the year, which, if you recall, was decidedly bearish due to the downb  ( 10 min )

Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards showed no change in the overall median available rate. These are the current rates as of July 2023.  ( 24 min )

Personal loan rates increased slightly this week to 21.38%, a rise of a single basis point since last week when the average personal loan rate sat at 21.37%.  ( 18 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

The Dow Jones Industrial Average slipped 0.4% or 129 points Wednesday as investors reviewed the deliberations behind the U.S. central bank's decision to pause rate hikes last month.  ( 18 min )

The real GDP number is adjusted to remove the effects of inflation, so it is a more accurate gauge of the nation's real output of goods and services.  ( 19 min )

Moderna shares rose 1.5% on Wednesday after signing an agreement with China to research, develop, and make mRNA treatments there.  ( 16 min )

Meeting minutes from the Fed's June policy meeting showed continued support for raising interest rates to flight inflation.  ( 17 min )

GM shares rose over 1% on Wednesday after reporting second quarter sales were up 18.8% from the same period in 2022 on strong demand as supply chains eased and inventories improved.  ( 16 min )

A co-signer can help you secure a loan, but eventually, it will be time to strike out on your own. Learn how to release a student loan co-signer from their obligation to your loan.  ( 21 min )

Moneyness is a description of a derivative relating its strike price to the price of its underlying asset.  ( 22 min )

Learn what impact investing is and get information on some of the top impact investing firms ranked by total assets under management.  ( 22 min )

Hyperledger Iroha is a business blockchain framework designed for infrastructure projects that need distributed ledger technology.  ( 22 min )

An all-cash, all-stock offer is a proposal by one company to purchase all of another company's outstanding shares from its shareholders for cash.  ( 21 min )

Extensions, clusters, channels, and more! Discover new ways to put the "golden ratio" to work.  ( 21 min )

Here is a look at the top five oil-producing countries, which are responsible for more than half of the world’s total output.  ( 23 min )

Rates on 30-year mortgages eased by a single basis point after seven prior days of continuous growth, gaining a total of 26 basis points. Other averages saw mixed results on Monday.  ( 19 min )

The first step to finding the right financial advisor is to figure out what sort of professional financial help you need.  ( 28 min )

Brookfield Reinsurance agreed to buy the rest of American Equity Life Holding Company that it doesn't already own for $4.3 billion.  ( 16 min )

EV automaker Tesla posted another record quarter for deliveries, boosted by strong Chinese sales.  ( 17 min )

Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.  ( 23 min )

U.S. equities declined at midday on Wednesday, July 5, 2023, ahead of the release of meeting minutes from the Fed's June policy meeting.  ( 16 min )

Wolfspeed shares jumped more than 17% in early trading on Wednesday after signing a 10-year, $2 billion agreement to supply wafers for Japan's Renesas Electronics Corporation.  ( 16 min )

Meta Platforms' (META) new Threads app may have an advantage over competitor Twitter as advertising revenue slows at Elon Musk's social platform. Meanwhile, Meta's Instagram dominates the market for sponsored content.  ( 18 min )

A fixed-rate certificate of deposit (CD) is a low-risk investment instrument that has a set interest rate over its entire term.  ( 24 min )

Group term life insurance is life insurance offered as an employee benefit. Often a base amount is covered at no charge, with the option to add more.  ( 25 min )

This controversial monetary policy has been used by some of the world's most powerful economies. But does it work?  ( 21 min )

Selling out of trust diverts the proceeds from the sale of an item that is collateral for a loan to some use, often other expenses, other than paying off the loan.  ( 22 min )

USAA Bank offers many competitive CD options that consumers can choose from to fit their financial goals. Find out if USAA Bank CDs are right for you.  ( 20 min )

It's easy to earn a great rate on your savings or a CD, but it means looking beyond the big-name banks. Smaller players pay significantly more, and are just as safe.  ( 23 min )

An adhesion contract refers to an agreement where one party has substantially more power than the other in creating the contract terms and conditions.  ( 20 min )

Rivian shares rose after beating EV delivery estimates for the second quarter and maintaining its guidance to double production by year end.  ( 17 min )

Calculated intangible value is a method of valuing a company's intangible assets. Intangible assets include patents and other intellectual property.  ( 19 min )

UPS shares fell by about 2% in pre-market trading on Wednesday after the talks with Teamsters ended without an agreement, increasing the risk of a strike.  ( 17 min )

PowerToFly, which connects employers around the world with women in the technology field, offers subscription plans to companies for them to recruit employees.  ( 20 min )

The U.S. is looking to restrict Chinese companies' access to U.S. cloud computing services and minutes of the latest Federal Reserve meeting could provide clues into how it will treat upcoming rate hike decisions. Here’s what investors need to know today.  ( 18 min )

Rodo, an online service that allows users to shop for, buy, or lease cars without setting foot in a dealership, makes money through its sales/leases and fees on dealerships.  ( 19 min )

Self-employed advisors have a number of unique expenses, but the tax benefits often compensate for the financial burdens.  ( 23 min )

Learn about the top five financial planning software programs that are most commonly used by professional financial advisors.  ( 23 min )

While the Federal Reserve normally uses short-term interest rates to manage the economy, yield curve control does that by targeting long-term rates.  ( 23 min )

Business development: Learn about the basic strategic ideas, initiatives, and activities, aimed toward making a business better.  ( 28 min )

Afgelopen jaar werd 8,1 miljard kilo huishoudelijk afval opgehaald en ingezameld bij de milieustraat. Dat is iets meer dan 460 kilo per inwoner en de kleinste hoeveelheid sinds 1994, toen het 478 kilo per persoon was.  ( 3 min )

Werkgevers zetten de komende maanden hun hakken in het zand aan de cao-tafels, blijkt uit een rondgang van NU.nl. Bedrijven zijn voorzichtiger vanwege de onzekere economische situatie en vinden dat ze werknemers genoeg hebben gecompenseerd door de lonen flink te verhogen.  ( 6 min )

De Europese Commissie onderzoekt of het wettelijk mogelijk is een ​​einde te maken aan de handel in losse haaienvinnen. Ruim een miljoen Europeanen steunden een Europees burgerinitiatief daartoe, waaronder bijna 23.0000 Nederlanders.  ( 3 min )

In mei is er bijna 7,4 miljard euro aan spaargeld bij gekomen. Alleen in het eerste coronajaar, toen Nederland in lockdown zat, legden spaarders in mei meer spaargeld in.  ( 3 min )

In mei is er bijna 7,4 miljard euro aan spaargeld bij gekomen. Alleen in het eerste coronajaar, toen Nederland in lockdown zat, legden spaarders in mei meer spaargeld in.  ( 3 min )

Verzekeraar Interpolis heeft woensdag halverwege de dag al een paar honderd schademeldingen binnengekregen vanwege zomerstorm Poly. Ook zorgt de storm ervoor dat we langer moeten wachten op pakketjes of de boodschappen, terwijl treinritten en vluchten zijn geannuleerd.  ( 4 min )

Verzekeraar Interpolis heeft woensdag halverwege de dag al een paar honderd schademeldingen binnengekregen vanwege zomerstorm Poly.  ( 2 min )

Het treinverkeer in een groot deel van Nederland is woensdagochtend stilgelegd vanwege storm Poly. Reizigers die daardoor halverwege stranden, veel later aankomen of niet op hun bestemming kunnen komen, komen bij NS en Arriva in aanmerking voor een vergoeding.  ( 4 min )

Poly raast woensdag over Nederland. Met deze vier apps houd je in de gaten waar de storm het hevigst woedt en hoe laat hij zijn hoogtepunt bereikt.  ( 4 min )

Threads, Instagrams alternatief voor Twitter, is donderdag nog niet beschikbaar in Nederland. De app komt eerst uit in de Verenigde Staten en het Verenigd Koninkrijk, meldt het Ierse Independent.  ( 3 min )

Dynamische energiecontracten worden in ons land steeds populairder. Sinds het begin van dit jaar is het aantal huishoudens met zo'n contract ruim verdriedubbeld.  ( 4 min )

Dynamische energiecontracten worden in ons land steeds populairder. Sinds het begin van dit jaar is het aantal huishoudens met zo'n contract ruim verdriedubbeld.

Het treinverkeer in een groot deel van Nederland is woensdagochtend stilgelegd vanwege storm Poly. Reizigers die daardoor halverwege stranden, veel later aankomen of niet op hun bestemming kunnen komen, komen bij NS in aanmerking voor een vergoeding. Maar Arriva beroept zich op overmacht.

Poly raast woensdag over Nederland. Met deze vier apps houd je in de gaten waar de storm het hevigst woedt en hoe laat hij zijn hoogtepunt bereikt.

Mensen die wachten op pakketjes of boodschappen zullen moeten wachten tot storm Poly gaat liggen. Ook post- en flitsbezorgers blijven zoveel mogelijk thuis nu het noodweer over Nederland raast.

Veiligheidsregio Amsterdam-Amstelland heeft in allerijl een liveblog opgezet om mensen op de hoogte te houden van zomerstorm Poly. Ontvangers van een NL-Alert wordt geadviseerd updates te bekijken op het Twitter-account van Brandweer Amsterdam-Amstelland. Maar die zijn niet voor iedereen zichtbaar.

Meer dan een kwart van de werkenden is in het eerste kwartaal van dit jaar uitgevallen door stress of burn-outklachten. De stijging van het verzuim is vooral zichtbaar in de leeftijdsgroep 25 tot 45 jaar.  ( 4 min )

De Belgische vakbond CNE roept consumenten op om supermarktketen Delhaize te boycotten. Op die manier moet de supermarktketen zoveel mogelijk omzet mislopen.  ( 3 min )

In het tweede kwartaal van dit jaar zijn 92.999 hypotheekaanvragen ingediend. Dat is een daling van 34,5 procent ten opzichte van dezelfde periode vorig jaar.  ( 3 min )

Huishoudens hielden gemiddeld 547 euro per maand over in het eerste kwartaal van 2023. Dat is meer dan vorig jaar, toen we ons geld makkelijker konden oppotten door een lockdown.  ( 4 min )

Ons energieverbruik was in 2022 lager dan het in de afgelopen dertig jaar is geweest. We verstookten vooral minder aardgas, als gevolg van de hoge prijzen. Dat blijkt uit cijfers van statistiekbureau CBS.  ( 3 min )

Werkgevers zetten de komende maanden hun hakken in het zand aan de cao-tafels, blijkt uit een rondgang van NU.nl. Bedrijven zijn voorzichtiger vanwege de onzekere economische situatie en vinden dat ze werknemers genoeg hebben gecompenseerd door de lonen flink te verhogen.  ( 5 min )

Moderna shares rose 1.5% on Wednesday after signing an agreement with China to research, develop, and make mRNA treatments there.  ( 1 min )

EV automaker Tesla posted another record quarter for deliveries, boosted by strong Chinese sales.  ( 1 min )

Wolfspeed shares jumped more than 17% in early trading on Wednesday after signing a 10-year, $2 billion agreement to supply wafers for Japan's Renesas Electronics Corporation.  ( 1 min )

GM shares rose over 1% on Wednesday after reporting second quarter sales were up 18.8% from the same period in 2022 on strong demand as supply chains eased and inventories improved.  ( 1 min )

Brookfield Reinsurance agreed to buy the rest of American Equity Life Holding Company that it doesn't already own for $4.3 billion.  ( 1 min )

U.S. equities declined at midday on Wednesday, July 5, 2023, ahead of the release of meeting minutes from the Fed's June policy meeting.  ( 1 min )

The U.S. is looking to restrict Chinese companies' access to U.S. cloud computing services and minutes of the latest Federal Reserve meeting could provide clues into how it will treat upcoming rate hike decisions. Here’s what investors need to know today.  ( 1 min )

A precious metals dealer has been asked to pay $146 million in damages after over 500,000 silver coins disappeared. Robert Higgins ran a "fraudulent and deceptive scheme", says the CFTC.  ( 7 min )

(Bloomberg) -- An Asia fund manager whose investments in China shares helped her beat 99% of peers over five years is becoming less enthusiastic and turning instead to its neighbor Japan.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyOdey’s Hedge Fund Empire Is Disintegrating Bi  ( 8 min )

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(Bloomberg) -- Casino Guichard-Perrachon SA unveiled offers from rival billionaires seeking to win support of the French grocer and its creditors in a battle for control of the firm.Under the proposal made by Czech financier Daniel Kretinsky and Marc Ladreit de Lacharrière’s Fimalac — both of which are existing shareholders — the company would get a €1.35 billion ($1.47 billion) equity injection, the company said in a statement on Tuesday.Casino also outlined the details of a rival bid made by a  ( 7 min )

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Learn about which types of mutual funds pay the highest dividends, including how dividend stock and bond funds generate the highest dividend yields.  ( 19 min )

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Blackstone real estate investment trust (BREIT), which recently made news for exercising a clause that restricted owner withdrawals for several consecutive months, has not taken the news lying down. The real estate investment trust (REIT) is still trying to raise money for its shareholders and recently announced the sale of $3.1 billion worth of its commercial portfolio. It also is rumored to be considering a sale of its Las Vegas portfolio. Strength in the Industrial Sector Although much of the  ( 9 min )

Brian Belski laid out a bullish scenario where better-than-expected tech and bank earnings power the benchmark index 13% higher.  ( 7 min )

For Chinese electric car manufacturers, Europe has long been a priority destination for international expansion. With its affluence, environmental consciousness, and relatively friendly attitude towards China, the continent has attracted established players like BYD as well as emerging brands like Nio and Xpeng. Despite their ambitious plans, Chinese EV makers yet to achieve the level of success they had hoped for in Europe.  ( 10 min )

(Bloomberg) -- Oil traded near $76 a barrel as traders assessed the latest efforts from OPEC+ linchpins Saudi Arabia and Russia to prop up prices by curbing supply.Most Read from BloombergChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyLazard Fires Senior Banker for Inappropriate Behavior at PartyBank of America Says it Started Talks With Fed After Stress Test ResultsMusk, Zuckerberg Lead a $852 Billion Surge Among World’s Ri  ( 7 min )

(Bloomberg) -- Inflation, higher interest rates and declining real estate values are worsening wealth inequality in Canada, with younger households bearing the brunt of the financial pain.Most Read from BloombergChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyLazard Fires Senior Banker for Inappropriate Behavior at PartyXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBank of America Says it Started Talks With F  ( 7 min )

Up to half of the 100 billion euro ($109 billion) special fund set up to modernize the German military will likely go to U.S. defence companies, a leading tank gear box maker said, accusing Berlin of lacking a strategy for its defence industry. "I don't believe that much of the money will be left over for the German industry," Susanne Wiegand, chief executive of Renk Group, told reporters in Munich, adding the government in Berlin did not realise the strategic importance of the defence industry. Wiegand called on the government to use the 100 billion euro fund not only to plug short-term gaps in the German military's inventories but also to help develop technologies of the future.  ( 6 min )

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Stock market history suggests the S&P 500's strong start to the year is setting the table for more gains ahead in the second half of 2023.  ( 8 min )

There's a lot to consider when it comes to retirement planning, starting with what kind of lifestyle you'd like to enjoy. For some retirees, it involves travel. For others, it can mean moving to a new location to be closer … Continue reading → The post How to Determine Your Retirement Lifestyle appeared first on SmartAsset Blog.  ( 9 min )

Pay off student loans or invest? It's an important question to consider as the answer can shape your financial future. On one hand, throwing all of your extra money at student loan debt can help you relieve that burden faster. … Continue reading → The post Should You Pay Off Student Loans or Invest? appeared first on SmartAsset Blog.  ( 10 min )

The basic concept of retirement is straightforward. If you work a certain number of years and then you are able to stop working and simply enjoy life. What's not so simple is knowing how many years you have to work … Continue reading → The post How Many Years Do You Have to Work to Retire? appeared first on SmartAsset Blog.  ( 8 min )

FRO, BRY, NAT, GNK, and TWO lead peers by forward dividend yield  ( 24 min )

Accountants who checked the inventory in the vaults said some customers didn't even have a deposit box.  ( 8 min )

The European Commission expressed concern on Tuesday over China's planned curbs on exports of strategic metals widely used in the semiconductor industry and doubt that the move was related to security. China said the control on exports of gallium and germanium products from Aug. 1 was aimed at protecting national security. "The Commission is concerned that these export restrictions are unrelated to the need to protect global peace and also stability and the implementation of China's non-proliferation obligations arising from international treaties," a Commission spokesperson told a daily briefing.  ( 6 min )

Apple now towers as a textbook case of a stock so richly valued that its future returns will likely prove extremely poor.  ( 10 min )

The two-year yield has risen more than the 10-year yield, steepening the inversion over the past few months.  ( 27 min )

Australia's fourth largest pension fund suspended new work with PwC Australia on Tuesday, the latest in a string of funds to pause work with the accounting firm over a scandal which first surfaced in January over the misuse of government tax plans. The decision by UniSuper, which manages A$115 billion ($77 billion), means five of Australia's largest pension funds, managing a total of some A$865 billion, have paused work with PwC, which says it is a "leading adviser" to the sector. UniSuper said it was concerned by recent events at PwC and the fund had suspended new contracts for the "immediate future".  ( 6 min )

(Bloomberg) -- Mackenzie Investments, one of Canada’s largest fund managers, is turning less optimistic about stocks and sees better value in bonds after the 13% rally for global equities in the first half. Most Read from BloombergChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyLazard Fires Senior Banker for Inappropriate Behavior at PartyMusk, Zuckerberg Lead a $852 Billion Surge Among World’s Richest PeopleBank of America S  ( 8 min )

(Bloomberg) -- Tesla Inc.’s China output increased almost 20% in June, contributing to the company’s record quarterly sales.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeChina Restricts Export of Chipmaking Metals in Clash With USLazard Fires Senior Banker for Inappropriate Behavior at PartyRussian General Still Missing as Defense Chief Slams MutinyBank of America Says it Started Talks With Fed After Stress Test ResultsThe US electric-vehicle maker led by  ( 7 min )

Producers have less control over global crude shifts than they would like.  ( 27 min )

Chinese cloud computing services provider UCloud Technology Co said it faces uncertainty in securing advanced semiconductors from Nvidia Corp amid high demand, as tightened US export restrictions on such chips continue to impede China's artificial intelligence (AI) development efforts. Shanghai-based UCloud, which offers infrastructure-as-a-service and AI service platforms to internet firms and traditional enterprises, on Monday told investors that its orders of Nvidia's A800 graphics processing  ( 8 min )

Bond losses and economic uncertainty are keeping potential mergers on hold—for now.  ( 32 min )

The chief executives of Pinterest, Peloton and Hertz are among those who outearn Apple’s Tim Cook—and hundreds of others who lead bigger companies.  ( 26 min )

With U.S. investors on vacation, low volumes could introduce choppy trading in cryptos, raising the prospect of a fresh local high for Bitcoin.  ( 24 min )

(Bloomberg) -- China’s decision to control the export of two key metals showed it has some power to retaliate against moves by the US, Japan and Europe to cut Beijing off from advanced technology. But it also risks backfiring. Most Read from BloombergChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyBank  ( 9 min )

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: a buy initiation at Amazon, as well as upgrades at Southern, ACM Research, and Lazard. DBS Group initiated coverage on Amazon.com (NASDAQ:AMZN) with a Buy rating and a price target of $150.00, highlighting the company’s leading position in e-commerce, its growing prime membership base, and growth opportunities for both AWS and its online advertising business. The analyst says Amazon’s retail segment is still attempting to regain profitability after facing macroeconomic challenges, but noted that the U.S. e-commerce industry is projected to grow at 12.4% CAGR - and that Amazon holds a 39% market share in US e-commerce, with opportunities to capture more of the untapped market.  ( 8 min )

Bill Gates' biggest U.S. stock investments have surged in 2023’s bull market. Shares of Republic Services and Ecoloab, in which he owns large stakes, have risen to records.  ( 24 min )

(Bloomberg) -- The rally in global shares paused Tuesday amid lackluster trading as US futures fluctuated and Japanese equities weighed down a gauge of Asia stocks.Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandBank of America Says it Started Talks With Fed After Stress Test ResultsMusk, Zuckerberg Lead a $852 Billion Surge Among World’s R  ( 9 min )

(Bloomberg) -- Billionaire Cameron Winklevoss, co-founder of the Gemini Trust Co. crypto platform, outlined what he termed a “best and final offer” for digital-asset lender Genesis Global Holdco’s bankruptcy restructuring.Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandMusk, Zuckerberg Lead a $852 Billion Surge Among World’s Richest PeopleB  ( 6 min )

"From what I've seen, they haven't narrowed down the countries targeted by the export restrictions, but since Japan, the U.S., and the Netherlands will naturally be included, I think it's fair to say that this is a de facto retaliatory measure." With roughly 90% of global production of these minor metals, China has hit the American trade restrictions where it hurts.  ( 6 min )

(Bloomberg) -- Bearish bets on Chinese electric vehicle maker XPeng Inc. have reached a record high as its share prices almost doubled in recent weeks, suggesting investors are skeptical the rally can last. Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandBank of America Says it Started Talks With Fed After Stress Test ResultsMusk, Zuckerber  ( 8 min )

(Bloomberg) -- Yahoo Inc. plans to return to public markets, Chief Executive Officer Jim Lanzone told the Financial Times in an interview.Most Read from BloombergChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBank of America Says it Started Talks With Fed After Stress Test ResultsLazard Fires Senior Banker for Inappropriate Behavior at PartyThe internet media fir  ( 7 min )

(Bloomberg) -- China’s decision to control the export of two key metals showed it has some power to retaliate against moves by the US, Japan and Europe to cut Beijing off from advanced technology. But it also risks backfiring. Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandBank of America Says it Started Talks With Fed After Stress Test Re  ( 9 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Bitcoin climbed above US$31,000 on Tuesday morning in Asia after Blackrock refiled its Bitcoin ETF application. Ether also gained amid institutional interest.  ( 8 min )

The Global Industry Classification Standard (GICS) and the Industrial Classification Benchmark (ICB) both assign stocks to appropriate sectors and industries. Here's how they differ.  ( 23 min )

Experts foresee mortgage rates dropping again and predict homebuying will pick up by the end of the year as home prices fall.  ( 19 min )

Learn about which types of mutual funds pay the highest dividends, including how dividend stock and bond funds generate the highest dividend yields.  ( 19 min )

Gross profit margin and net profit margin are two profitability ratios used to assess a company's financial stability and overall profitability.  ( 25 min )

Tax-exempt commercial paper is short-term unsecured debt where the bondholder does not pay federal, state, or local taxes on the interest payments.  ( 20 min )

While women’s accounts lag across all generations, the 23% 401(k) gender gap for Millennials was the lowest as younger women start saving more for retirement.  ( 17 min )

A dependent care FSA allows you to save pretax dollars and can lower your taxable income to support a dependent child or adult.  ( 27 min )

SEC Form ADV-E is a certification of client assets, both cash and securities, that are held by a registered adviser, often used by accountants.  ( 20 min )

Investors have no shortage of ETFs to choose from when it comes to mid-cap companies. Here we look at five of the largest and most popular options.  ( 22 min )

The small business health care tax credit can make a difference for those who offer qualified health plans to employees through the SHOP Marketplace.  ( 23 min )

Fourier analysis uses statistics to find patterns in a time series.  ( 19 min )

A decline is when a security's price falls in value over the course of a trading day.  ( 18 min )

FRO, BRY, NAT, GNK, and TWO lead peers by forward dividend yield  ( 24 min )

Among the most popular investment vehicles, there are advantages and disadvantages to consider before investing in mutual funds.  ( 22 min )

Bitcoin—not necessarily the entire U.S. cryptocurrency market—may be on the cusp of a bullish run in the second half of 2023, according to analysts, driven by greater adoption by traditional financial firms.  ( 18 min )

Oscar, a health insurance company, makes money using technology to cut costs. The bulk of revenues come from insurance premiums.  ( 22 min )

China beperkt vanaf 1 augustus de export van twee belangrijke grondstoffen voor chips. Het land is veruit de grootste producent van germanium en gallium. De stap volgt op het besluit van het Nederlandse kabinet om de uitvoer van chipmachines naar China te beperken.  ( 4 min )

Sinds 1 juli mogen supermarkten geen eten en drinken in plastic wegwerpverpakkingen aan klanten meegeven zonder daar een toeslag voor te rekenen. Een rondje supermarkten leert dat deze bedragen variëren van 0,01 euro tot 0,50 euro.  ( 5 min )

Het wordt deze zomer druk op Schiphol. Tijdens de zomervakantie, die voor de Regio Midden vrijdag begint, kan een kwart meer reizigers vertrekken dan vorig jaar. De luchthaven verwacht gemiddeld 68.000 vertrekkende passagiers per dag.  ( 3 min )

China beperkt vanaf 1 augustus de export van twee belangrijke grondstoffen voor chips. Het land is veruit de grootste producent van germanium en gallium. De stap volgt op het besluit van het Nederlandse kabinet om de uitvoer van chipmachines naar China te beperken.  ( 4 min )

Leerlingen die vanaf 1 januari 2024 een telefoon meenemen in de klas, moeten daar een goede reden voor hebben. Het ministerie van Onderwijs komt met een dringend advies voor scholen, blijkt uit een kamerbrief van minister Robbert Dijkgraaf.  ( 5 min )

Het wordt deze zomer druk op Schiphol. Tijdens de zomervakantie, die voor de Regio Midden vrijdag begint, vertrekt een kwart meer reizigers dan een jaar eerder. De luchthaven verwacht gemiddeld 68.000 vertrekkende passagiers per dag.  ( 3 min )

Bij uitzendbureaus gaat nog steeds veel mis. De identiteit van werknemers wordt nog vaak niet nagetrokken en veel uitzendkrachten worden onderbetaald. Met name arbeidsmigranten zijn de dupe van de overtredingen.  ( 4 min )

Leerlingen die een telefoon meenemen in de klas, moeten daar binnenkort een goede reden voor hebben. Het ministerie van Onderwijs komt met een dringend advies voor scholen, melden bronnen aan ANP na berichtgeving van het AD.  ( 3 min )

Zeven grote techbedrijven, waaronder Apple en Amazon, hebben zich vanwege een nieuwe techwet bij de Europese Commissie gemeld. Met diensten waar we bijna niet omheen kunnen, hebben deze concerns een poortwachtersfunctie. Voor zulke bedrijven gaan binnenkort strengere concurrentieregels gelden.  ( 5 min )

Om personeelstekorten het hoofd te bieden, kunnen deeltijders in de kinderopvang meer uren werken. Het eerste proefproject leidt al tot resultaat. Bijna een op de vijf medewerkers heeft het eigen contract uitgebreid.  ( 5 min )

Twitter-gebruikers zijn niet blij met een nieuwe regel op het platform. En het is niet de eerste keer dat er problemen zijn. Techredacteur Rutger Otto van NU.nl legt uit wat er aan de hand is en wat de gevolgen zijn.  ( 3 min )

Techbedrijven die onze privacy schenden, benadelen bedrijven die zich wél netjes aan de regels houden. Dat heeft het Europese Hof van Justitie bepaald. Daarom mag privacyschending voortaan ook door een concurrentiewaakhond worden aangepakt. En dat kan techbedrijven fikse boetes opleveren.  ( 4 min )

De Europese draagraket Ariane 5 gaat dinsdag rond 23.30 uur voor de laatste keer de lucht in. Na bijna twintig jaar en 117 missies stopt de Europese ruimtevaartorganisatie met de raket. Maar een opvolger staat nog niet direct klaar.  ( 4 min )

Techbedrijven die onze privacy schenden, benadelen bedrijven die zich wél netjes aan de regels houden. Dat heeft het Europese Hof van Justitie bepaald. Daarom mag privacyschending voortaan ook door een concurrentiewaakhond worden aangepakt. En dat kan techbedrijven fikse boetes opleveren.  ( 4 min )

De basisbeurs is na acht jaar weer terug en dat weten studenten aan hogescholen en universiteiten maar al te goed. In twee weken tijd hebben al 209.000 studenten die basisbeurs aangevraagd.  ( 3 min )

Waar we na de coronapandemie koste wat het kost op vakantie moesten, is de reislust voor de komende zomervakantie behoorlijk bekoeld. Directeur Frank Oostdam van reiskoepel ANVR spreekt van een behoorlijke dip in het aantal boekingen.  ( 4 min )

Meta, de eigenaar van Facebook en Instagram, brengt donderdag Threads uit. De app moet rechtstreeks met Twitter gaan concurreren. De timing is opvallend, want veel gebruikers van Twitter klagen over alle veranderingen die in korte tijd in de app zijn doorgevoerd.  ( 4 min )

Webwinkels die producten via bol.com of Amazon verkopen, worden niet scherp genoeg gecontroleerd. Dat concludeert de Consumentenbond, die heeft getest of het mogelijk was om onveilige producten via de platformen te verkopen. Vaak kon dat gewoon.  ( 3 min )

Huiseigenaren en verenigingen van eigenaren (vve's) wisten vorig jaar de weg naar verduurzamingsleningen goed te vinden. Ze leenden samen 272 miljoen euro om zonnepanelen, isolatie of warmtepompen aan te schaffen. In 2021 ging het nog om 106 miljoen euro.  ( 3 min )

Nederlanders betaalden in 2022 ruim 1,2 miljard keer met iDEAL. Op Black Friday verwerkte het bedrijf een recordaantal van 6,1 miljoen betalingen.  ( 3 min )

We kopen online weer massaal kaarten voor evenementen en pretparken. Verder besteden we meer aan vliegtickets, pakketreizen en accommodaties. Nederlanders hebben in het eerste kwartaal online 8,5 miljard euro uitgegeven, een stijging van 5 procent ten opzichte van vorig jaar.  ( 4 min )

FRO, BRY, NAT, GNK, and TWO lead peers by forward dividend yield  ( 1 min )

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A blank-check firm that was set to merge with former U.S. President Donald Trump's media company has reached an agreement with the staff of the Securities and Exchange Commission.  ( 7 min )

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Nikola in August agreed to buy Romeo Power for about $144 million in stock, as it looked to jump-start efforts to make battery packs. "Nikola is discontinuing its operations with Romeo Power and has commenced a proceeding under the California Assignment for the Benefit of Creditors (ABC) statutory scheme," a company spokesperson said in a statement on Monday. Nikola's struggles mirror those at many other EV startups.  ( 7 min )

Every investor wants a portfolio that will generate returns, but finding the right stocks for that is always a challenge. The analysts at Goldman Sachs have developed a data-based rule to sort through the mass of stocks and find the shares that are going to bring in solid returns. The key to Goldman’s ‘Rule of 10’ lies in each company’s projected sales growth – the firm looks for stocks with potential to show a multi-year CAGR of 10% or higher. According to David Kostin, the bank’s Chief Investm  ( 10 min )

E-commerce giant Amazon will deploy its first European vans from U.S. electric vehicle (EV) maker Rivian in Germany over the coming weeks as part of long-term plans to electrify its transportation network, it said on Tuesday. Amazon said 300 electric vans will hit the roads in the Munich, Berlin, and Dusseldorf regions as part of a 100,000-vehicle order it made in 2019 from Rivian, in which it is the largest shareholder. Rivian and Amazon will use a specially-designed shorter, thinner van than its U.S. counterpart to better fit the streets in Europe's cities.  ( 7 min )

The scam letter, which comes in a cardboard envelope, is designed to trick people into believing that they are owed a refund, the IRS said.  ( 6 min )

(Bloomberg) -- Buoyed by the response to its first bond issue in two years, Petroleo Brasileiro SA is considering issuing more debt this year and is poised to buy assets after spending most of the past decade selling refineries and oil-exploration blocks.Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandBank of America Says it Started Talks W  ( 8 min )

(Bloomberg) -- When it comes to the bond market, it’s Morgan Stanley vs Bill Dudley now.Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnChina Restricts Export of Chipmaking Metals in Clash with USFrench Riots Begin to Abate Even as Economic Costs MountIn their latest assessment of the bond market outlook, Morgan Stanley strategists are challenging the former head of the Federal Reserve Bank of N  ( 8 min )

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(Bloomberg) -- Chicago’s pension burden climbed last year after the city’s retirement funds lost money due to volatile markets, deepening the long-standing fiscal woes for new Mayor Brandon Johnson.Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandChina Restricts Export of Chipmaking Metals in Clash with USBridgewater’s Greg Jensen Sees a ‘Bad’ Outlook for Bonds and StocksRussian General Still Missing as Defense Chief Slams MutinyIt’s Getting a Lot Harder to  ( 6 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

The refreshed filing, submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday, said that Coinbase Global Inc will provide market surveillance in support of the proposed ETF from the world's largest asset manager. The move comes after the regulator reportedly had concerns over the initial filings by Nasdaq as being unclear and incomplete. It had flagged similar concerns to Cboe related to a filing from Fidelity.  ( 7 min )

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The refiled application by Nasdaq to list a BlackRock bitcoin ETF follows a report last week that the SEC deemed earlier proposals "inadequate" since they didn't specify the name of the underlying market in so-called surveillance-sharing agreements.  ( 7 min )

(Bloomberg) -- China is clamping down on exports of two obscure yet crucial metals in an escalation of the trade war on technology with the US and Europe.Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandBridgewater’s Greg Jensen Sees a ‘Bad’ Outlook for Bonds and StocksBank of America Says it Started Talks With Fed After Stress Test ResultsB  ( 7 min )

Shares of crypto exchange Coinbase Global climbed nearly 12% Monday after Cboe Global Markets refiled applications for spot bitcoin exchange-traded funds, saying it expects Coinbase to help monitor trading. The Securities and Exchange Commission returned earlier filings to Cboe and the Nasdaq becau  ( 22 min )

Benchmark's Michael Ward recommended buying shares of the used-car retailer in a research note on Monday.  ( 24 min )

Expectations of another rate hike by the Federal Reserve to tame stubbornly high inflation helped push a closely watched part of the U.S. Treasury yield curve to its deepest inversion since 1981 on Monday, once again putting a spotlight on what many investors consider a time-honored recession signal. The U.S. central bank has hiked interest rates aggressively over the last year to fight inflation that hit around 40-year highs and remains above its 2% target rate. The yield curve inverts when shorter-dated Treasuries have higher returns than longer-term ones.  ( 8 min )

(Bloomberg) -- A key segment of the US Treasury yield curve approached its most inverted level in decades Monday as traders priced in further Federal Reserve policy tightening.Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandChina Restricts Export of Chipmaking Metals in Clash with USBridgewater’s Greg Jensen Sees a ‘Bad’ Outlook for Bonds and StocksRussian General Still Missing as Defense Chief Slams MutinyIt’s Getting a Lot Harder to Chase the Stock Rally  ( 7 min )

Last month, the SPDR S&P 500 ETF Trust (NYSE:SPY) marked a milestone as it closed above the threshold that delineated its exit from the longest bear market since 1948. Rising 0.6% to close at 4,293.93 on June 8, it registered a gain of more than 20% from its low on Oct. 12, 2022. The bear market ran for 248 trading days, making it the lengthiest since the 484-day run that ended on May 15, 1948. The ongoing exit from bear to bull market offers a chance for investors to reassess their investment s  ( 8 min )

Shares of Coinbase, the largest U.S. cryptocurrency platform, jumped 13% on Monday after exchange operator Cboe said it was working with the cypto company in its effort to launch a spot bitcoin exchange-traded fund. Cboe on Friday refilled an application with the U.S. Securities and Exchange Commission (SEC) to launch a bitcoin exchange-traded fund by asset manager Fidelity.  ( 7 min )

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Executives at the cruise operator see demand accelerating as bookings of future sailings soar.  ( 24 min )

President Biden's new plan to to provide student-debt relief will likely meet the same fate as the old one. But a new repayment plan may offer struggling borrowers some relief, writes Mark Kantrowitz.  ( 42 min )

Industry executives see Beijing’s export ban on gallium and germanium as retaliation over chip curbs by the U.S. and others.  ( 32 min )

"Millennials are the first generation expected to be worse off than their parents. It’s no secret the reason why."  ( 8 min )

The electric-vehicle maker’s stock is on pace for its largest percent increase and best five-day stretch since November.  ( 30 min )

Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in a bid to prop up prices, showing how two of the world's largest oil producers are scrambling to boost income from the fossil fuel even as demand has weakened with the economy. The decision gave a slight boost to oil prices Monday and comes after the Saudis announced a large cut in output for July at the latest meeting of the OPEC+ coalition of oil producers — raising concerns that gasoline prices for U.S. drivers could start ticking up. The Saudi Energy Ministry said it would extend July's cut of 1 million barrels per day through August to support “the stability and balance of oil markets.”  ( 8 min )

Tesla shares are headed for their best one-day percentage gain since March after the electric-vehicle maker posted record quarterly sales. [Tesla’s stock (TSLA)](https://www.wsj.com/market-da  ( 21 min )

Five of the six largest U.S. banks announced plans to boost their dividend last week after the Federal Reserve said they could [withstand a severe recession.](ht  ( 22 min )

(Bloomberg) -- The narrative propelling the global stock rally since mid-March goes like this: The US economy will hold up fine in the face of higher interest rates, and China’s stimulus efforts will help keep that nation’s post-pandemic recovery chugging along. Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandChina Restricts Export of Chipmaking Metals in Clash with USIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnBridgewater’s Greg Jensen S  ( 8 min )

Bank of America Corp on Monday said it had begun a dialogue with the Federal Reserve to understand differing results of the central bank's stress test and the company's own under the Dodd-Frank Act. The results of the Fed's latest annual stress test released last week showed lenders including Bank of America have enough capital to weather a severe economic slump, paving the way for them to issue share buybacks and dividends. Bank of America, the second-biggest U.S. bank, has not made any announcements about its dividend or share repurchase programs since the stress test results were published.  ( 7 min )

The Chinese auto companies delivered a combined 51,902 vehicles in June, a record for any month and up from 41,280 delivered in June 2022.  ( 24 min )

The Chinese auto manufacturer sold more than 700,000 EVs in the second quarter, up almost 100% compared with last year.  ( 27 min )

The companies that make up the S&P 500 are called its constituents and include many well-known names that represent the premier companies in their industries. Find out which 25 stocks top the list.  ( 22 min )

The company produced 13,992 electric vehicles in the second quarter and sold 12,640. Investors are happy.  ( 24 min )

It’s no secret that 2023 has, so far, been a good year for investors. Stocks are showing strong gains – more than 16% on the S&P 500, and double that on the tech-heavy NASDAQ. It’s a dramatic turnaround from the bear market that plagued investors last year. These gains, and the overall positive outlook, were laid out clearly by Deutsche Bank’s head of global economics and thematic research, Jim Reid. In his recent note, Reid recalls the worries from the start of the year but looks forward to the  ( 11 min )

A correction in real estate investments trusts has put the sector on sale. Where to find 6% yields and growth.  ( 52 min )

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Many restaurant stocks have been a surprise this year. Here's why, and what may happen next.  ( 9 min )

Top growth stocks this month include Applied Digital, TG Therapeutics, and Immunovant, all of whose share prices have all gained more than 400% in the past year.  ( 24 min )

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Electric-vehicle maker Rivian Automotive said on Monday it delivered 12,640 vehicles in the second quarter, a 59% jump from the previous quarter. It produced 13,992 vehicles at its manufacturing facility in Normal, Illinois during the same period. Shares of the company rose 4% to $17.3 in premarket trading.  ( 6 min )

The company's Worldpay payments business is being valued at more than $15 billion, according to a report in the Financial Times.  ( 27 min )

Tesla delivered 466,140 vehicles in the second quarter of 2023. Wall Street was looking for roughly 445,000 to 447,000 units.  ( 24 min )

The Japanese stock market is roaring again as companies known for amassing cash hand it back to shareholders via dividends and buybacks.  ( 27 min )

(Bloomberg) -- Rivian Automotive Inc. built more battery-electric vehicles last quarter than Wall Street had anticipated as the company works to ramp up production and overcome a string of supply-chain issues.Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnFrench Riots Begin to Abate Even as Economic Costs MountSingapore’s Star Banker Creates a Succession Dilemma for DBSThe company also reaffirm  ( 7 min )

The spread between the 2-year and 10-year U.S. Treasury note yields hit the widest since 1981 at -110.80 basis points in early trade, a deeper inversion than in March during the U.S. regional banking crisis.  ( 5 min )

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When the bull market gets going, Technology shines.  ( 7 min )

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News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

The deals are expected to fund upgrades to electricity-delivery systems as green-energy competition rises.  ( 31 min )

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Stock futures kicked off the new quarter mixed on Monday, with those on the Nasdaq rising to start a holiday-shortened week as Tesla rallied after deliveries easily topped estimates.  ( 7 min )

Russia and Saudi Arabia announced plans Monday to restrict oil supplies to global markets through August. Oil prices rose, with the most actively-traded contract for Brent futures rising about 1% to trade at $76.15 a barrel. Russia will voluntarily cut its exports by 500,000 barrels a day in Aug  ( 21 min )

The popular lending and borrowing protocols have seen hefty gains over the last 24 hours, which comes on the heels of a recent Ethereum rally.  ( 7 min )

Tesla shares jumped 6% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk's plan of boosting volumes through discounts was working. The leading U.S. manufacturer of electric vehicles was set to increase its market capitalization by around $50 billion to $900 billion, based on its premarket share moves. At $277, the stock has already more than doubled in value this year and risen far above price targets set by analysts, prompting caution from some brokerages that margins will suffer because of the aggressive discounting spree.  ( 7 min )

The global economy is at a critical juncture that could weigh on prosperity for years to come, the Bank for International Settlements warns.  ( 8 min )

The massive rally in Apple's shares is forcing some fund managers to revisit a thorny dilemma: they may not own enough of the stock. Apple’s share price has soared 49% so far this year, ballooning its weight in stock indexes to record levels and pushing its market capitalization over $3 trillion. That hefty weighting means moves in Apple’s shares have an outsized influence on index performance.  ( 8 min )

UBS has gone on a U.S. recruiting drive for wealth managers catering to rich Americans even as it considers culling 30% of its combined global workforce after its takeover of Credit Suisse. UBS recruited 50 financial advisers, including from Bank of America's Merrill Lynch unit, JPMorgan Chase's recently acquired First Republic Bank, Citigroup and Wells Fargo, on the first half of the year. Of those, 30 came after the Credit Suisse deal was announced in March.  ( 8 min )

The tech giant is scaling back the manufacturing of its Vision Pro goggles for 2024, the Financial Times reported.  ( 24 min )

Cryptos dropped last Friday following a report that the SEC called high-profile applications for Bitcoin ETFs inadequate. Traders now don't seem phased.  ( 27 min )

Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments. Western punishments over Russia's invasion of Ukraine have shifted global trade flows for its top export, with India emerging as the largest buyer of seaborne Russian oil even as it casts about for how to pay for it amid shifting sanctions. The U.S. dollar has long been the main global oil currency, including for purchases by India, but now the yuan is playing an increasingly important role in Russia's financial system because Moscow has been frozen out of the dollar and euro financial networks by international sanctions.  ( 9 min )

↗️ Tesla (TSLA): The electric carmaker's stock rose 6.3% premarket after the company posted a record quarter for sales. Other U.S. EV makers incl  ( 21 min )

The Supreme Court’s decision to eliminate affirmative action hits workplaces as diversity initiatives face pressure from supporters and skeptics.  ( 31 min )

(Bloomberg) -- Sweden’s embattled landlords are facing intensifying pressure to sell properties to raise cash, as $17 billion in debt matures over the next 18 months. Most Read from BloombergIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla and BYD Post Record Sales on Surge in Electric-Car DemandFrench Riots Begin to Abate Even as Economic Costs MountSingapore’s Star Banker Creates a Succession Dilemma for DBSWhile real estate companies have resisted forced sales, time to act  ( 9 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Tesla announced second quarter deliveries of just 466,000 units Sunday, a record and about 4% higher than the roughly 445,000 to 447,000 Wall Street was looking for. Now analysts are weighing in.  ( 24 min )

Stock futures were mixed Monday ahead of the shortened holiday week but there were still plenty of movers in early trading.  ( 24 min )

The battery arm of Japan's Panasonic will need to build around four more factories to meet a plan to sharply boost annual capacity of batteries for electric vehicles by 2031, its head of technology told Reuters. The comments from Panasonic Energy Chief Technology Officer Shoichiro Watanabe mark the first time the Telsa supplier has given a clear indication of the number of additional factories it will need. It could also fuel expectations of more investment by Japanese companies into the United States, after Washington and Tokyo struck a deal in March that is key to giving Japanese manufacturers wider access to U.S. electric-vehicle (EV) tax credits.  ( 7 min )

(Bloomberg) -- Tesla Inc. and BYD Co. set sales records in the second quarter, widening their lead as the world’s best-selling electric-car makers.Most Read from BloombergIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnFrench Riots Begin to Abate Even as Economic Costs MountTesla, BYD Post Record Sales on Demand for Electric VehiclesSingapore’s Star Banker Creates a Succession Dilemma for DBSElon Musk-led Tesla delivered 466,140 cars worldwide, outpacing Wall Street estimates. BYD  ( 8 min )

U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and hurricanes. Higher reinsurance rates can affect the premiums which insurers charge to their customers. U.S. reinsurance rates for policies which previously faced claims for natural catastrophes rose 30-50%, Gallagher Re said.  ( 6 min )

Lowe’s is topping home-improvement rival Home Depot this year, as we thought it would. Rite Aid stock dropped to a multidecade low.  ( 24 min )

(Bloomberg) -- Southeast Asia is home to some of the world’s worst-performing stock indexes this year after foreign funds rotated out of the region into technology-heavy markets in North Asia. Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla, BYD Post Record Sales on Demand for Electric VehiclesUnited May Cut Newark Flights as It Seeks More Gates to Stem DelaysMost of the equity benchmarks in the  ( 7 min )

Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives. The exploration revival - on the part of European majors in particular - reflects a renewed commitment to oil and gas after Shell and BP went back on pledges to reduce output and invest in renewables as part of the energy transition. It responds to pressure from a majority of investors to maximise their oil and gas profits rather than invest in lower margin renewable energy businesses.  ( 9 min )

Barron’s checked in with investment strategists for their best advice for the second half of the year.  ( 24 min )

Bond investors could be in luck for the rest of 2023 if market indicators signalling central banks will take policy tightening too far and tip their economies into recession prove accurate. Headline inflation has eased but underlying pressures remain high, keeping central banks hawkish. Canada resumed tightening and Britain and Norway made big moves in June, while U.S. Federal Reserve and European Central Bank officials at last week's Sintra forum signalled more rate hikes.  ( 8 min )

(Bloomberg) -- The yuan spiked in opening trading Monday, in a hint that authorities may have taken another tool back out of the box to help stabilize the under-pressure currency.Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla, BYD Post Record Sales on Demand for Electric VehiclesUnited May Cut Newark Flights as It Seeks More Gates to Stem DelaysThe onshore yuan jumped as much as 0.5% to trade ex  ( 6 min )

The big question for the day is how will investors greet Tesla's announcement on Sunday that it delivered a record 466,000 vehicles in the second quarter, topping market estimates of around 445,000. Back in the real world, China's Caixin/S&P Global survey of manufacturing showed a slowdown to 50.5 in June, but that was not as bad as the 50.2 feared. The People's Bank of China again pushed back on a weaker yuan by fixing the currency well above expectations, but these official fixings are having less and less of an impact in the market and offshore dealers are testing to see if Chinese banks actually sell dollars to support the yuan.  ( 7 min )

Billionaire Masayoshi Son said he would make SoftBank “the investment company for the AI revolution” but he missed out on the most recent frenzy.  ( 30 min )

(Bloomberg) -- In Harare, Zimbabwe, home to the world’s biggest stock market rally, the gains come at break-neck speed: 5%, 10%, even 20% in a single session. Tally them up, and the market is up an astonishing 800% on the year. Most Read from BloombergIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnFrench Riots Begin to Abate Even as Economic Costs MountTesla, BYD Post Record Sales on Demand for Electric VehiclesSingapore’s Star Banker Creates a Succession Dilemma for DBSBut in a  ( 8 min )

The yen remained hunkered just below the psychologically important barrier of 145 per U.S. dollar on Monday, while the dollar was on the back foot after U.S. economic data last week showed slightly easing inflation and consumer spending. The yen weakened 0.03% to 144.38 per dollar in early Asian hours to kick start the second half of the year having dropped 9% against the dollar in the first six months of the year. Against the euro, the yen was hovering at 157.495, below the 15-year low of 158 it touched last week.  ( 8 min )

Investing.com -- Shares of Chinese electric vehicle makers surged on Monday, amid increased optimism over the sector after the largest players in the country clocked a sizeable jump in vehicle deliveries through June  ( 7 min )

(Bloomberg) -- Asian shares were primed to open higher Monday as positive momentum from a rally on Wall Street and signs of moderating US inflation underpinned support for global stocks.Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla Tops Expectations as Price Cuts Lift Deliveries to RecordDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsFutures contracts for equities in Japan, Austr  ( 9 min )

(Bloomberg) -- Tesla Inc. delivered a record 466,140 cars worldwide in the second quarter, outpacing Wall Street estimates.Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla Tops Expectations as Price Cuts Lift Deliveries to RecordDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsThe results, posted Sunday, demonstrated that Chief Executive Officer Elon Musk’s vow to chase volume by cutt  ( 8 min )

Bitcoin traded flat above US$30,000 while most other leading token were mixed. Litecoin and Solana saw the biggest gains among the top 10 tokens.  ( 8 min )

Oil prices slipped in early Asian trade on Monday as global macroeconomic headwinds and possible further interest rate hikes from the U.S. Federal Reserves offset forecasts of tighter supplies amid OPEC+ cuts. Brent crude futures dropped 20 cents, or 0.3%, to $75.21 a barrel by 0044 GMT after settling up 0.8% on Friday. Fears of a further slowdown hurting fuel demand grew after data on Friday showed U.S. inflation still outpacing the central bank's 2% target and stoked expectations it would hike interest rates again.  ( 7 min )

Nederlanders betaalden in 2022 ruim 1,2 miljard keer met iDEAL. Op Black Friday verwerkte het bedrijf een recordaantal van 6,1 miljoen betalingen.  ( 3 min )

Waar we na de coronapandemie koste wat het kost op vakantie moesten, is de reislust voor de komende zomervakantie behoorlijk bekoeld. Directeur Frank Oostdam van reiskoepel ANVR spreekt van een behoorlijke dip in het aantal boekingen.  ( 4 min )

De ruim 61.000 werknemers op mbo's kunnen rekenen op een flinke loonsverhoging, die voor de lagere inkomens kan oplopen tot 12 procent. Verder krijgen zij een eenmalige beloning van 1.000 euro bruto. Ook worden de jeugdlonen vanaf achttien jaar afgeschaft.  ( 3 min )

De Autoriteit Consument & Markt (ACM) heeft dinsdag groen licht gegeven voor een miljoeneninvestering van investeringsmaatschappijen Verlinvest en JamJar in Tony's Chocolonely.  ( 4 min )

Waar we na de coronapandemie koste wat het kost op vakantie moesten, is de reislust voor de komende zomervakantie behoorlijk bekoeld. Directeur Frank Oostdam van reiskoepel ANVR spreekt van een behoorlijke dip in het aantal boekingen.  ( 4 min )

Minimaal tienduizenden Nederlanders met zonnepanelen kwamen zondag bedrogen uit. De prijs van stroom zakte tot onder nul, waardoor ze moesten betalen om de energie die ze niet gebruiken, terug te leveren aan het net. Die rekening kon oplopen tot enkele tientjes.  ( 4 min )

Investeringsmaatschappij Verlinvest mag chocoladefabrikant Tony's Chocolonely overnemen. Dat heeft de Autoriteit Consument & Markt maandag bepaald.  ( 4 min )

Waar we na de coronapandemie koste wat het kost op vakantie moesten, is de reislust voor de komende zomervakantie behoorlijk bekoeld. Voorzitter Frank Oostdam van reiskoepel ANVR spreekt van een behoorlijke dip in het aantal boekingen.  ( 4 min )

Saoedi-Arabië gaat de vrijwillige verlaging van de olieproductie met een maand verlengen. Dat meldt de oliestaat in een verklaring die is gepubliceerd door staatspersbureau Saudi Press Agency.  ( 3 min )

Saoedi-Arabië gaat de vrijwillige verlaging van de olieproductie met een maand verlengen. En dat is slecht nieuws, want dat kan ervoor zorgen dat benzine en diesel aan de Nederlandse pomp mogelijk nog duurder wordt.  ( 3 min )

Het kabinet wil het aanbod van duurzame energie in de komende decennia zoveel mogelijk uitbreiden. Daarbij moet de overheid strakkere controle houden over de aanleg van alle benodigde kabels en elektriciteitsstations, zodat er geen schaarste ontstaat.  ( 5 min )

Als het aan minister Carola Schouten (Armoedebeleid) ligt, krijgt een deel van de uitwonende studenten een eenmalige energietoeslag van 400 euro.  ( 3 min )

Klanten van ING kunnen vanaf vandaag contant geld opnemen zonder betaalpas, maar met een zogenoemde cashcode. Die kun je opvragen via de ING-app.  ( 3 min )

De ruim 61.000 werknemers op de mbo's kunnen rekenen op een flinke loonsverhoging, die voor de lagere inkomens kan oplopen tot 12 procent. Verder krijgen zij een eenmalige beloning van 1.000 euro bruto. Ook worden de jeugdlonen vanaf achttien jaar afgeschaft.  ( 3 min )

Klanten van ING kunnen vanaf vandaag contant geld opnemen zonder betaalpas, maar met een zogenoemde cashcode. Die kun je opvragen via de ING-app.  ( 3 min )

Schiphol breidt de mogelijkheid uit om een tijdstip te reserveren om door de beveiligingscontrole te gaan. In eerste instantie kon je hier alleen gebruik van maken als je binnen Schengen reisde. Nu kan het in principe voor alle vliegreizen.  ( 3 min )

De 20 miljoen euro die vandaag beschikbaar was als tegemoetkoming in de studiekosten vanuit de overheid, was binnen twee uur vergeven. Het is ruim 24.000 mensen gelukt om een aanvraag te doen.  ( 4 min )

Ons gebruik van sociale media verandert. We plaatsen minder over onszelf op Facebook, maar delen juist meer in kleine WhatsApp-groepen met vrienden of familie. Jongeren ruilen Instagram in voor TikTok. Al die veranderingen zijn voor Facebook-moederbedrijf Meta een grote uitdaging.  ( 4 min )

De Europese Unie overweegt een Russische bank weer toegang te geven tot het wereldwijde financiële systeem. Die stap is nodig om de graandeal te redden.  ( 3 min )

Heineken neemt afscheid van de Nederlandse Pepsi-bottelaar Vrumona. De bierbrouwer wil zich meer richten op bieren in plaats van de zoete Vrumona-drankjes. Een Deens frisdrankbedrijf koopt het onderdeel over.  ( 3 min )

Kunstmatige intelligentie als ChatGPT maakt het voor cybercriminelen makkelijker om malware te ontwikkelen. Ook helpt AI kwaadwillenden om bijvoorbeeld phishingmails geloofwaardiger te maken. Daarvoor waarschuwt de Nationaal Coördinator Terrorismebestrijding en Veiligheid (NCTV).  ( 4 min )

Autofabrikant Tesla heeft met de verkoop van 466.140 auto's een geslaagd tweede kwartaal achter de rug. Dat is 83 procent meer dan een jaar eerder.  ( 3 min )

Vandaag om 10.00 uur gaat het loket voor het STAP-budget in de huidige vorm voor het laatst open. Daarna worden de regels aangepast, maar het is nog niet bekend hoe precies. Na dit jaar stopt de regeling helemaal.  ( 4 min )

Klanten van Albert Heijn zien nog te vaak andere bedragen op de kassabon dan ze in de winkel zien, meldt de Consumentenbond. Zo hangen er bij 'prijsfavorieten' borden met een lager bedrag dan de klant daadwerkelijk afrekent.  ( 3 min )

Er zit weinig schot in de klimaatafspraken die het kabinet wil maken met de twintig grootste CO2-uitstoters. Het kabinet wilde de onderhandelingen dit jaar al afronden, maar het blijft voorlopig bij een handvol intentieverklaringen.  ( 7 min )

Mastercard's Payment Network segment brings in the most revenue. Its International Markets drive geographic growth as well as the bulk of revenues.  ( 20 min )

Airbnb's business in North America brings in half of the revenue for the company.  ( 20 min )

The quick answer to this question is that an IPO can be shorted upon initial trading, but it is not an easy thing to do at the start of an offering.  ( 19 min )

Monoline refers to the practice of specializing in a single line or discipline of the financial services business.  ( 19 min )

Scale in is the process of purchasing shares in increments once a stock dips to a certain price and continuing to buy until the stock stops falling.  ( 19 min )

European Medicines Agency (EMA) is a government entity that promotes access to and approval of medications in European countries.  ( 19 min )

Explore detailed analysis and information of some of the most popular exchange-traded funds tracking the long- and short-term high-yield municipal bond market.  ( 20 min )

Credit default insurance is a financial agreement to mitigate the risk of loss from default by a borrower or bond issuer.  ( 19 min )

Financial independence is not easy, but with careful planning and a little bit of luck it is possible.  ( 23 min )

The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies  ( 22 min )

Binance is a cryptocurreny exchange that offers additional blockchain-specific services.  ( 25 min )

The Russell 1000 Index, a subset of the Russell 3000 Index, represents the 1000 top companies by market capitalization in the United States.  ( 21 min )

The companies that make up the S&P 500 are called its constituents and include many well-known names that represent the premier companies in their industries. Find out which 25 stocks top the list.  ( 22 min )

The Russell 2000 Index measures the performance of the 2,000 smaller stocks that are listed in the Russell 3000 Index.  ( 24 min )

Top growth stocks this month include Applied Digital, TG Therapeutics, and Immunovant, all of whose share prices have all gained more than 400% in the past year.  ( 24 min )

Personal consumption expenditures is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn more about PCE and how it's used.  ( 27 min )

Though the U.S. has the largest economy in terms of GDP, not all parts of it are made equal. Here's how GDP and GDP per capita differ in each state.  ( 23 min )

The debt-to-GDP ratio measures the proportion of a country's national debt to its gross domestic product.  ( 24 min )

GDP per capitais a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population.  ( 24 min )

Real gross domestic product is an inflation-adjusted measure of the value of all goods and services produced in an economy.  ( 29 min )

A consumption tax is a tax on the purchase of a good or service; or a system taxing people on how much they consume rather than what they add to the economy (income tax).  ( 22 min )

See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.  ( 21 min )

Federal Reserve regulations are rules put in place by the Federal Reserve Board to regulate the practices of banking and lending institutions, usually in response to laws enacted by the Congress.  ( 26 min )

The Canada Mortgage and Housing Corporation (CMHC) is the national housing agency of Canada, providing mortgage loans to prospective home buyers.  ( 23 min )

ETFs are one of the simplest ways to trade gold. Learn when is the most favorable time to day-trade gold ETFs, and how to take advantage of price movement.  ( 26 min )

Find out why the United Kingdom opted not to replace the pound sterling with the euro even when it was part of the European Union.  ( 23 min )

Here are five inaccurate investing statements that make someone sound like an amateur. Discover some tips on how to think more like a market professional.  ( 21 min )

Return on Capital Employed (ROCE) is a financial ratio that measures a company's profitability and the efficiency with which its capital is employed.  ( 27 min )

The London Interbank Bid Rate is the average interest rate at which major London banks bid for eurocurrency deposits from other banks in the interbank market.  ( 21 min )

Going public is the process of selling shares that were formerly privately held to new investors for the first time.  ( 21 min )

Learn how using stock screener tools makes finding good stocks easy by filtering a database for certain types of financial and performance criteria.  ( 22 min )

An accredited investor has the financial sophistication and capacity to take the high-risk, high-reward path of investing in unregistered securities sans certain protections of the SEC.  ( 27 min )

A profit-sharing plan, also known as a deferred profit-sharing plan (DPSP), gives employees a share in the profits of a company.  ( 22 min )

Discover some companies that serve as primary automotive parts suppliers for the Honda Motor Co. in the United States.  ( 19 min )

The present value interest factor of annuity is a factor that can be used to calculate the present value of a series of annuities.  ( 23 min )

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.  ( 33 min )

The companies that make up the S&P 500 are called its constituents and include many well-known names that represent the premier companies in their industries. Find out which 25 stocks top the list.  ( 1 min )

A potential rebound in oil prices, reduced dealmaking in the oil and gas industry, increased consumption of renewable energy, and rising U.S. crude output could define the global energy market in the second half of 2023.  ( 1 min )

A commodity market is a physical or virtual marketplace for buying, selling, and trading commodities. Discover how investors profit from the commodity market.  ( 28 min )

Series A, B, and C funding rounds are important opportunities for new companies to gain crucial financial support. Learn more about these rounds and how they work.  ( 28 min )

Gross profit and EBITDA show the profitability of a company in different ways. Know what goes into each one before investing in a company's stock.  ( 22 min )

An anticipation note is a short-term obligation issued to meet temporary financing needs with the expectation that future cash flows will repay the note.  ( 18 min )

Learn about the history of United Parcel Service Inc., and the shipping company's top institutional and insider shareholders.  ( 22 min )

If you have a second mortgage as well as a primary, does it make sense to consolidate into a single loan? Here's how to decide.  ( 23 min )

A banknote is a negotiable promissory note, which a bank can issue. Discover more about them here.  ( 22 min )

Forced technology transfer (FTT) is a practice in which a domestic government forces foreign businesses to share their tech in exchange for market access.  ( 20 min )

The American Insurance Association (AIA) was a property-casualty association that merged with the Property Casualty Insurers Association of America (PCI) in 2019.  ( 20 min )

A hedge fund is an investment partnership—a design that has grown into a multi-trillion-dollar industry.  ( 24 min )

Consumer durables, also known as durable goods, are consumer goods that do not wear out quickly and therefore do not have to be purchased frequently.  ( 22 min )

Learn the primary differences between the various types of investment banks: bulge bracket, middle-market, and boutique, including elite and regional boutiques.  ( 23 min )

Unfortunately, predatory lease agreements are common. As a renter, here are five red flags to watch for when shopping for a new apartment.  ( 22 min )

An incremental tax is a tax that increases in increments based on tax brackets defined by income levels.  ( 20 min )

Find out how aggregate demand is calculated in macroeconomic models. See what factors can cause the aggregate demand curve to shift left or right.  ( 22 min )

Though many of today’s video games are not educational, there are still opportunities for kids to learn about money while playing for fun.  ( 24 min )

Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.  ( 29 min )

Labor market flexibility allows companies to make decisions about their labor force in response to market changes and to help boost production.  ( 22 min )

The top United Airlines shareholders are Oscar Munoz, J. Scott Kirby, Brett J. Hart, Vanguard Group Inc., Primecap Management Co., and Capital International Investors.  ( 21 min )

An Associate in Loss Control Management (ALCM) was a professional designation offered by the Insurance Institute of America (IIA).  ( 19 min )

A revoked IRA is a retirement savings account that is canceled by the account holder seven days or less after it was established.  ( 23 min )

Economists' crystal balls are pretty cloudy when looking at the rest of 2023 amid conflicting data, with many seeing a slowdown ahead while differing on whether we’ll get a recession.  ( 18 min )

The 2023 Supreme Court affirmative action decisions (Harvard & UNC) exclude using race as a factor in college admission policies. Whether this would result in color-blind admission policies or numerous lawsuits over opaque procedures remained to be seen.  ( 21 min )

Learn about robo Roth IRAs and if you should consider using a robo-advisor to manage your Roth IRA.  ( 23 min )

Like most companies, the major U.S. stock markets are open for trading on normal business days only.  ( 22 min )

Political economy is a branch of the social sciences that focuses on the interrelationships among individuals, governments, and public policy.  ( 27 min )

Top exchange-traded funds (ETFs) offer a cost-effective way for investors to diversify. ETFs for July with the best 1-month return include BKCH, FEMB, PFFR, UNG, and FXC.  ( 20 min )

More traders are placing bets on market volatility than at any point since the outbreak of COVID-19, potentially a sign of uncertainty bubbling below the surface of a buoyant market.  ( 18 min )

Learn who the top 10 billionaires in the world are and how they built their wealth.  ( 33 min )

The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price.  ( 29 min )

Percentage change is used for many purposes in finance, often to represent the price change of a stock, expressed as a percentage. Learn how to calculate percentage change.  ( 23 min )

If the system is rigged, as Warren sees it, it must be broken and remade. Here's how she plans to.  ( 27 min )

(Bloomberg) -- International Business Machines Corp. is prioritizing helping Japan’s chipmaking startup Rapidus Corp., with a senior executive describing the budding foundry business as vital to securing long-term global supply.Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla Tops Expectations as Price Cuts Lift Deliveries to RecordDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsRapi  ( 9 min )

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Amid a week of updates on U.S. labor market data, the Federal Open Market Committee will release minutes from its June monetary-policy discussion.  ( 24 min )

(Bloomberg) -- Oil was little changed as the second half kicked off, with traders focused on challenges to demand and a complex supply outlook.Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla Tops Expectations as Price Cuts Lift Deliveries to RecordDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsBrent crude held above $75 a barrel after capping a string of four quarterly losses last  ( 7 min )

The Gemini cofounder cited his decade-old filing for a spot Bitcoin ETF-like trust, also rejected by the SEC.  ( 7 min )

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Without his critical work, we wouldn't have rechargeable lithium-ion batteries and all the products that are powered by them. Another story you might have missed was a feature article about Porsche and how CEO Oliver Blume thinks the company can achieve greater profit margins and push into the luxury segment. After a series of deadly fires, New York City is getting a $25 million emergency grant from the federal government to fund the installation of 170 micromobility charging and storage stations in 50 locations.  ( 11 min )

The stock market's strong year has essentially been driven by less than 20 stocks. But could the second half of the year see some surprise winners that have under-performed thus far?  ( 10 min )

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If you follow financial TV news, business newspapers, or social media, you’ll see there is no shortage of skeptics anchored in stale recession calls who’ll go to great lengths to spin good data into something less rosy.  ( 13 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

Tesla's second-quarter deliveries rose 83% from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of U.S. government tax credits. The vast majority of the sales were Tesla's popular Model 3 and Model Y versions. Tesla's sales were better than Wall Street expectations.  ( 7 min )

Chamath Palihapitiya warned of “deeply inexperienced” VCs who “don't even know how to ask the basic questions.”  ( 7 min )

Tesla released its second quarter production and delivery numbers on Sunday, easily beating expectations as the effects of the electric-vehicle maker’s price cuts, combined with federal EV tax credits, are boosting sales.  ( 7 min )

Tesla delivered 466,140 vehicles in the second quarter of 2023. Wall Street was looking for roughly 445,000 to 447,000 units.  ( 24 min )

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Of the four working generations, those born between 1997 and 2012 are more likely to say their work is frustrating and overwhelming.  ( 10 min )

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In a shortened holiday week, investors will be focused on Friday's key jobs report while readings on the manufacturing and services sectors will also highlight a disjointed schedule.  ( 10 min )

When choosing where to set aside money for retirement, you need to weigh your options carefully. You're likely going from one main income source to multiple smaller income sources when you retire. You may also want buy some security for your … Continue reading → The post Life Insurance vs. Roth IRA: Retirement Guide appeared first on SmartAsset Blog.  ( 9 min )

Health insurance doesn't cover your teeth. Your teeth can cause pain, get infected and need treatment, just like any other part of the body. But when it comes to actually getting treatment the standard health insurance doesn't cover it. Instead, you … Continue reading → The post Dental Savings Plan vs. Insurance: Pros and Cons appeared first on SmartAsset Blog.  ( 10 min )

Contributing after-tax dollars to a 401(k) might appeal to you if you'd like to be able to withdraw funds tax-free in retirement. Should you decide to leave your job you might be wondering if it's possible to roll over an … Continue reading → The post How to Convert After-Tax Dollars From 401(k) to IRA appeared first on SmartAsset Blog.  ( 9 min )

Meat and dairy companies could face higher feed costs, while grain shippers and farm suppliers might reap gains.  ( 30 min )

Top exchange-traded funds (ETFs) offer a cost-effective way for investors to diversify. ETFs for July with the best 1-month return include BKCH, FEMB, PFFR, UNG, and FXC.  ( 20 min )

If you want money or assets to go to a specific person after your death, you need to specify that in writing. An estate planning attorney is key to this process.  ( 8 min )

The most storied name on Wall Street is under a microscope as it fights to maintain its crown as world's top dealmaker.  ( 10 min )

Americans believe they will need $1.27 million to retire comfortably, according to the latest set of findings from Northwestern Mutual's 2023 Planning & Progress Study. That number continues to increase, up from $1.25 million reported last year. High-net-worth individuals – those with more … Continue reading → The post Americans' Magic Number for Retirement Rises to $1.27 Million appeared first on SmartAsset Blog.  ( 8 min )

(Bloomberg) -- Chinese President Xi Jinping’s elevation of a long-serving technocrat as the central bank’s top Communist Party official signals policy makers will avoid any drastic shifts for now as the world’s second-biggest economy struggles to regain momentum.Most Read from BloombergDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysFrench Riots Over Killing Start to Ease as Economic Costs MountTaylor Swift Is Making M  ( 8 min )

Typicpally known for his genial disposition, Jeremy Hunt is taking no prisoners when it comes to banks’ treatment of savers.  ( 9 min )

The A.I. 'hype curve' could be nearing its peak and investors expecting the 'greatest thing since sliced bread' may end up disappointed.  ( 12 min )

Saudi Arabia plans to deepen its collaboration with Hong Kong, using the city as the bridge to mainland China to spur its transformation under the Vision 2030 economic plan, said the minister in charge of the kingdom's digital infrastructure. Key areas of collaboration with Hong Kong include fintech, technological entrepreneurship and strategies to attract the funding of venture capitalists (VC), said the Saudi Minister of Communications and Information Technology Abdullah Al-Swaha. Health scien  ( 9 min )

The shares have suffered their worst first-half performance relative to nonpayers since 2009.  ( 29 min )

The electric-car maker is expected to release second-quarter global deliveries amid stiffening EV competition.  ( 29 min )

The Japanese stock market is roaring again as companies known for amassing cash hand it back to shareholders via dividends and buybacks.  ( 24 min )

The S&P 500 has risen on the final day of trading before the holiday in 67 of the last 95 years, according to Dow Jones Market Data.  ( 24 min )

(Bloomberg) -- Pacific Investment Management Co. Chief Investment Officer Daniel Ivascyn is preparing for a “harder landing” than other investors as central bank chiefs prepare to continue raising interest rates, he said in an interview with the Financial Times.Most Read from BloombergDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysTaylor Swift Is Making More Than $13 Million a Night on Her TourUkraine Recap: Wagner Fo  ( 6 min )

The oil market has flashed a warning to Saudi Arabia: The world economy is weakening, and the kingdom’s efforts to boost prices have run into a wall of excess supply.  ( 30 min )

Regrets offer insights that can help people think and plan better at every life stage.  ( 30 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

The investment bank has held talks about offloading its Apple retail banking products to American Express, The Wall Street Journal and CNBC reported.  ( 7 min )

Het kabinet wil voor 2030 ruim 900.000 woningen gebouwd hebben. Daarvan zouden er volgens de Woonbond 350.000 sociale huur moeten worden. En niet 250.000, zoals nu is afgesproken. Daarnaast wil de bond dat er miljarden extra geïnvesteerd worden in nieuwbouw.  ( 4 min )

Olie- en gasconcern Shell handelt nog altijd in Russisch gas, hoewel het bedrijf had toegezegd daarmee te stoppen. Dat meldt activistengroep Global Witness, die gegevens over grondstoffenhandel heeft geanalyseerd.  ( 3 min )

Toonaangevend zijn kan ook nadelen hebben. Dat heeft chipmachinefabrikant ASML de afgelopen tijd gemerkt. Het Veldhovense bedrijf mag al een tijdje zijn geavanceerdste machines niet meer verkopen aan China en daar komen in september extra beperkingen bij.  ( 5 min )

Toonaangevend zijn kan ook nadelen hebben. Dat heeft chipmachinefabrikant ASML de afgelopen tijd gemerkt. Het Veldhovense bedrijf mag al een tijdje zijn geavanceerdste machines niet meer verkopen aan China en daar komen in september extra beperkingen bij.  ( 5 min )

Een Canadese vastgoedbelegger heeft eerder deze week 6.900 huurwoningen in Nederland te koop gezet. Wat betekent dit voor de huurders, en voor de Nederlandse huizenmarkt?  ( 5 min )

Na twintig jaar soebatten komt er vandaag eindelijk een nieuw pensioenstelsel. Hierbij krijgen we allemaal persoonlijke potjes en veranderen pensioenen sneller op basis van beleggingsresultaten. Maar het is nog een overgangsfase. Stap voor stap belandt iedereen in het nieuwe pensioenpotje.  ( 5 min )

We kennen Extinction Rebellion vooral van de blokkades op de A12. De naar schatting tienduizend klimaatactivisten zijn overwegend vrijwilligers en combineren hun hart voor de klimaatzaak veelal met een betaalde - vaak parttime - baan.  ( 4 min )

More traders are placing bets on market volatility than at any point since the outbreak of COVID-19, potentially a sign of uncertainty bubbling below the surface of a buoyant market.  ( 1 min )

A federal court yesterday ordered the crypto exchange to provide names, physical addresses, and social security numbers.  ( 6 min )

This week, we're covering Netflix quietly axing its basic plan in Canada, the IRL social app shutting down after it was discovered that most of its users were fake and the blockbuster sales of the Flipper hacking device. Also in store, TC has reporting on Lenovo's Yoga Book 9i dual-screen laptop, DeepMind's next chatbot to rival ChatGPT and Robinhood acquiring a credit card startup. Netflix axes basic plan -- in Canada: Netflix has quietly killed the $9.99 CAD per month basic plan in Canada for new subscribers.  ( 9 min )

A normally boring corner of the UK investment market is wobbling, highlighting the potential trouble ahead for corporate debt exposed to inflation. Most Read from BloombergDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysFrench Riots Over Killing Start to Ease as Economic Costs MountTaylor Swift Is Making More Than $13 Million a Night on Her TourUkraine Recap: Wagner Forces Said to Be Regrouping in BelarusThames Water,  ( 8 min )

(Bloomberg) -- Upcoming readouts of the US labor market are projected to show more moderate yet still healthy job growth, an historically low unemployment rate, cooler wage gains and fewer vacancies. Most Read from BloombergDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysTaylor Swift Is Making More Than $13 Million a Night on Her TourTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencyChina’s Econ  ( 10 min )

(Bloomberg) -- Bond traders are bracing for another tumultuous week in which key employment data could push yields on 10-year Treasuries toward 4%, a level that market watchers see luring investors into government debt.Most Read from BloombergChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencyTaylor Swift Is Making More Than $13 Million a Night on Her TourChina’s Economic Woes Are Multiplying — and Xi Jinping  ( 8 min )

The top shareholders of Virgin Galactic are Adam Bain, Michael A. Colglazier, Michael Patrick Moses, Virgin Investments, SCH Sponsor, and Vanguard Group.  ( 19 min )

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A taxpayer-backed microchip champion has launched operations in the US after warning that meagre support from Britain could force it to move operations abroad.  ( 7 min )

Less-than-truckload carrier ABF Freight announced a new five-year collective bargaining agreement has been ratified by its union employees. The post Teamsters at ABF Freight ratify new labor deal appeared first on FreightWaves.  ( 7 min )

United States stock markets will be closing early on Monday, July 3, 2023, in honor of the 4th of July holiday.  ( 6 min )

Walgreens plans to close 150 stores in the U.S. and 300 locations in the U.K. as part of its cost-saving strategy in a challenging market.  ( 7 min )

CEO David Auld moved up four slots on the Fortune 500 despite a mortgage rate shock. His secret? "increased incentives...and adjusted base pricing"  ( 11 min )

Li Auto, XPeng, and NIO deliver a combined 51,902 vehicles in June, a record for any month and up from 41,280 delivered in June 2022.  ( 24 min )

The investment-banking giant is weighing whether to end its partnership with Apple, the Wall Street Journal reports.  ( 24 min )

Financial jargon is so confusing that 34% of Americans say they "don't know where to start" when it comes to retirement planning, according to a new survey from Unbiased.com. In fact, the analysis found that the majority of adults say … Continue reading → The post Report Says "Financial Jargon" Has 34% of Americans Doubting Retirement Plans appeared first on SmartAsset Blog.  ( 7 min )

Vital Energy, CTI BioPharma, and Applied Digital are top U.S. stocks in the Russell 3000 in July 2023 for value, growth, and momentum, respectively.  ( 24 min )

President Joe Biden's Saving on a Valuable Education (SAVE) plan hopes to find a different way to bring debt relief to millions of borrowers following the Supreme Court's ruling in Department of Education v. Brown.  ( 20 min )

(Bloomberg) -- As the trillion-dollar AI rally gathers pace, pity the humans on Wall Street trying to figure out this gravity-defying market.Most Read from BloombergTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencyChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysChina’s Economic Woes Are Multiplying — and Xi Jinping Has No Easy FixPutin’s Bid to Reassert Kremlin Authority Is Showing CracksA $100 Billion Wealth Migration Tilts US Economy’s Center of Gravity  ( 9 min )

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The dividend announcements from JPMorgan and four other banks were a show of strength from the industry's giants.  ( 9 min )

Network infrastructure and 5G technology provider Nokia has signed a new long-term patent license agreement with Apple to replace the current deal between the two companies that is set to expire at the end of 2023. The deal, which enables Apple to use the Finnish company’s technology in its products, covers Nokia’s inventions in 5G and other technologies. The terms of the agreement announced late Friday remain confidential.  ( 7 min )

The biggest retirement savings vehicles like 401(k) accounts remain employer sponsored, even though a growing share of Americans are now freelancers, contractors or work for platforms like Uber and DoorDash.  ( 33 min )

Shares in sawmill and wood-products companies are rebounding this year as home construction recovers.  ( 30 min )

Money manager GMO betting big on cheap stocks and bonds backed by commercial real estate  ( 32 min )

Bitcoin Holds Above $30,000 While Ether Rallies 4%  ( 7 min )

A shortage of parts and technicians, more complex auto technology, and older cars on the road are creating a perfect storm; Ford and GM are concerned.  ( 26 min )

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Artificial-intelligence software is eating the software industry, as companies turn to generative AI tools to save money on programmers. It’s a sign of what’s to come for many white-collar workers.  ( 31 min )

The bond market's notorious recession gauge is showing a hard landing is coming for inflation, not the economy, Bank of America said.  ( 8 min )

"Not everything that China does in the market now shows up in the PBoC's balance sheet."  ( 8 min )

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The fundamentals of financial literacy are not being passed along equally to all Americans. Read more about the studies and what is being done to address the gap.  ( 30 min )

Diversification is an investment strategy based on the premise that a portfolio with different asset types will perform better than one with few.  ( 30 min )

Socialism is an economic and political system based on public or collective ownership of the means of production and that emphasizes economic equality.  ( 33 min )

The top shareholders of Virgin Galactic are Adam Bain, Michael A. Colglazier, Michael Patrick Moses, Virgin Investments, SCH Sponsor, and Vanguard Group.  ( 19 min )

In a reverse mortgage, a crossover loss occurs when the loan balance exceeds the property value at the time that the loan pays off.  ( 22 min )

Active index funds track an index but add a layer of active management to attempt to capture greater returns than those offered by the underlying index.  ( 22 min )

An indifference curve is a graph used in economics that represents when two goods or commodities would give a consumer equal satisfaction and utility. Learn how it works.  ( 25 min )

Depressed is a state or condition of a market characterized by slumping prices, low volume, and lack of buyers.  ( 21 min )

The Job Openings and Labor Turnover Survey (JOLTS) counts U.S. job vacancies and separations, including the number of workers quitting their jobs.  ( 21 min )

The 2011 U.S. Debt Ceiling Crisis was a contentious debate on the borrowing limit of the United States government in July 2011.  ( 25 min )

Bond rating agencies are companies that assess the creditworthiness of both debt securities and their issuers. Discover more about them here.  ( 24 min )

Earning power refers to a business's ability to generate profit from conducting its operations. The Basic Earning Power ratio is one way to measure earning power.  ( 21 min )

Vital Energy, CTI BioPharma, and Applied Digital are top U.S. stocks in the Russell 3000 in July 2023 for value, growth, and momentum, respectively.  ( 24 min )

President Joe Biden's Saving on a Valuable Education (SAVE) plan hopes to find a different way to bring debt relief to millions of borrowers following the Supreme Court's ruling in Department of Education v. Brown.  ( 19 min )

As many as 50.7 million are expected to fly, drive, or take other forms of travel this Independence Day, breaking the 2019 pre-pandemic record.  ( 17 min )

A billion-dollar industry, Formula 1 teams earn money based on performance as well as through investments and sponsorships. In 2022, Formula 1 brought in a total of $2.57 billion, driven by record attendance and expanded global viewership.  ( 19 min )

In the language of mergers and acquisitions, battleground terms meld with bizarre metaphors to create a unique vocabulary.  ( 21 min )

Learn about the origins of oil, how its price is determined, and what effect its correlation with natural gas prices has on the global economy.  ( 27 min )

A stock dividend is a payment to shareholders that is made in additional shares rather than in cash.  ( 26 min )

A 409A plan is a non-qualified deferred compensation plan for compensation that has been earned but not received. It can be a tax-saving strategy for high earners.  ( 21 min )

Open interest is the total number of outstanding derivative contracts, such as options or futures, that have not been settled.  ( 23 min )

Vanaf vandaag betaal je een toeslag voor wegwerpbekers of -bakjes van plastic. Ook moet het overal mogelijk zijn om je koffie in een herbruikbare beker te krijgen. Die is beter voor het klimaat, als we hem inderdaad netjes hergebruiken.  ( 5 min )

China heeft er bij Nederland op aangedrongen geen misbruik te maken van exportbeperkingen op producten uit de chipindustrie. Dat staat in een verklaring van het Chinese ministerie van Handel.  ( 3 min )

Wouter Koolmees, president-directeur van de NS, wil dat er vanaf 2026 een spitsheffing komt op treinkaartjes op drukke trajecten. Dat zegt hij in een interview met de Volkskrant. Hoeveel duurder de kaartjes dan moeten worden, zegt hij niet.  ( 4 min )

Na twintig jaar soebatten komt er vandaag eindelijk een nieuw pensioenstelsel. Hierbij krijgen we allemaal persoonlijke potjes en veranderen pensioenen sneller op basis van beleggingsresultaten. Maar het is nog een overgangsfase. Stap voor stap belandt iedereen in het nieuwe pensioenpotje.  ( 4 min )

De Britse was- en levensmiddelenconcern Unilever heeft weer een Nederlander aan het roer. Hein Schumacher is per 1 juli aangetreden als de nieuwe topman van het bedrijf achter merken als Dove, Knorr, Rexona en Magnum.  ( 3 min )

Na twintig jaar soebatten komt er vandaag eindelijk een nieuw pensioenstelsel. Hierbij krijgen we allemaal persoonlijke potjes en veranderen pensioenen sneller op basis van beleggingsresultaten. Maar het is nog een overgangsfase. Stap voor stap belandt iedereen in het nieuwe pensioenpotje.  ( 4 min )

Vital Energy, CTI BioPharma, and Applied Digital are top U.S. stocks in the Russell 3000 in July 2023 for value, growth, and momentum, respectively.  ( 1 min )

A federal judge on Friday said Pilgrim's Pride, Sanderson Farms, Tyson Foods and several other companies must face private antitrust litigation accusing them of conspiring to inflate broiler chicken prices by reducing supply. Restaurants, supermarkets, distributors and consumers have accused chicken producers of having conspired starting in 2008 to inflate prices, through tactics such as restricting production and sharing nonpublic data about supply and demand. In a 90-page decision, U.S. District Judge Thomas Durkin in Chicago said reasonable jurors could find it more likely than not that Pilgrim's Pride, Sanderson and Tyson conspired to fix prices.  ( 7 min )

Longer Treasury yields have been lower than short-term yields for a year now. Normally that’s a signal for a slump. With inflation falling and a banking crisis in the past, investors seem ready to “look past” a shallow recession.  ( 24 min )

Warren Buffett's conglomerate now owns over 25% of Occidental Petroleum, with 224 million shares worth $13 billion.  ( 7 min )

Analysts weigh in on Analysts Weigh In on Delta Air Lines, Snowflake, Cars.com and CarGurus, Xponential Fitness, Texas Roadhouse, and Warner Music.  ( 24 min )

A U.S. stocks rally is cruising into a month that has proven strong in recent years, though equities must navigate employment data and an earnings season that could be precarious, with the Federal Reserve bent on raising U.S. interest rates. The S&P 500 defied recession fears and a U.S. banking crisis to notch a 15.9% gain in the first half. The Nasdaq Composite powered ahead 31.7% for its biggest first-half increase in four decades.  ( 8 min )

Several banks announced payout increases after markets closed Friday.  ( 24 min )

(Bloomberg) -- A former director in Wells Fargo & Co.’s subscription finance group sued the bank alleging he faced racial bias in personal dealings, client allocation, performance reviews, his bonus and, finally, his firing.Most Read from BloombergDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysTaylor Swift Is Making More Than $13 Million a Night on Her TourTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelli  ( 8 min )

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A judge’s decision could allow the deal to go ahead, or give the FTC permission to block it.  ( 24 min )

U.S. banks including JPMorgan Chase, Wells Fargo , Goldman Sachs and Morgan Stanley hiked their dividends on Friday after sailing through the Federal Reserve's annual health check, which showed they have enough capital to weather a severe economic downturn. JPMorgan, the biggest U.S. bank by assets, intends to increase its quarterly stock dividend to $1.05 per share, from $1.00 for the third quarter, while Wells Fargo will boost its dividend in the same period to 35 cents a share from 30 cents, the companies said. Goldman Sachs' dividend will rise to $2.75 a share from $2.50, while Morgan Stanley's will increase to 85 cents share from the current 77.5 cents.  ( 6 min )

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Nvidia led the gains in both the Nasdaq 100 and the S&P 500. Salesforce led the Dow industrials.  ( 24 min )

The Biden administration unveiled three efforts to help student loan borrowers.  ( 8 min )

(Bloomberg) -- Apple Inc.’s surge this year has officially made the iPhone-maker the first company with a $3 trillion market value, but at least one metric is pointing to a pullback in the near-term.Most Read from BloombergDizzying Bond Moves Put 4% Yield in Play to Win Over InvestorsChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysTaylor Swift Is Making More Than $13 Million a Night on Her TourTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencyChina’s Econo  ( 8 min )

Thousands of shareholders have turned against AMC, objecting to a deal that would clear the way for the movie-theater chain to issue more stock.  ( 32 min )

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(Bloomberg) -- Carnival Corp. shares have never seen a month this good and at least one analyst says investors should be expecting more of the same. Most Read from BloombergChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysTaylor Swift Is Making More Than $13 Million a Night on Her TourTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencyWall Street’s ‘Crystal Ball’ Shatters as Stocks Stage Big RallyStock Market Rally That Shocked Everyone Is Broadening Beyond  ( 8 min )

The tech giant's market capitalization opened above $3 trillion for the first time Friday, a milestone for the iPhone maker and wider technology sector.  ( 24 min )

American Express is in talks to take over Goldman’s card deal and other ventures with the tech giant.  ( 30 min )

"I don't see us getting back to 2% this year or next year," said the Fed chair - suggesting the central bank's fight against inflation is far from over.  ( 6 min )

The housing crunch in the United States has put potential sellers in a bind, leaving them reluctant to dive into a messy market flooded with high mortgage rates. Redfin CEO Glenn Kelman didn't mince words when highlighting the scarcity of housing inventory as one of the top concerns plaguing the market. He noted that political gridlock and financial challenges have hindered new construction and discouraged homeowners from listing their properties — especially when they have secured attractive 30  ( 8 min )

A U.S. judge on Friday ordered a new trial on damages against BNSF Railway in a privacy class action, in a ruling that wiped out an award of $228 million to truck drivers who accused the freight railway giant of unlawfully collecting their fingerprints. The ruling from U.S. District Judge Matthew Kennelly in Illinois upheld a jury's liability verdict that BNSF had violated the Illinois Biometric Information Privacy Act, which imposes restrictions on the collection and use of personal information such as retinal scans and fingerprints. But Kennelly said damages under the biometric law were discretionary, and so "BNSF is entitled to have a jury determine the appropriate amount of damages."  ( 6 min )

Frank Slootman says leaders must drive urgency and "seek the confrontation" or people "slow down to a glacial pace.”  ( 7 min )

Today's CD rates are at record levels, already paying their highest rates in almost 16 years. But will banks and credit unions raise them higher in July?  ( 18 min )

After selling Oracle stock for the first time in two years, founder Larry Ellison followed up with another big sale.  ( 24 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

Electric vehicles, EVs, are getting plenty of headlines, and for good reason. There is a concerted push, both from governments and societal entities, to promote EVs over combustion-engine cars, and that has resulted in a global EV market currently valued at $250 billion. Almost all of the major auto manufacturers are producing EV models, and small, independent companies have been springing up in the larger markets for several years now. By 2028, the EV market is expected to reach unit sales of 1  ( 10 min )

Supply has continued to outpace demand in recent months.  ( 36 min )

If you don’t know how to close a checking account, this guide will walk you through the five steps you’ll have to complete and what common pitfalls to avoid.  ( 9 min )

How the Supreme Court’s rejection of President Biden’s student debt plan hits borrowers’ wallets  ( 26 min )

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The 60/40 portfolio isn’t dead. From utilities to junk bonds and energy pipelines, we offer ways investors can get high yields and appreciation.  ( 24 min )

In the automotive world, Tesla Inc. (NASDAQ:TSLA) is a market darling. After surging 137% year to date, the electric vehicle (EV) maker has a market cap of over $800 billion — more than 13 times that of Ford Motor Co. (NYSE:F). But according to CNBC's Jim Cramer, you'd be missing out if you ignore the Detroit-based automaker. Cramer recently visited Ford's headquarters and was impressed by what he saw. "From what I saw today with my own eyes and what I’ve heard from CEO Jim Farley, I think Ameri  ( 9 min )

The student loan forgiveness plan was designed to forgive up to $20,000 in student debt for some borrowers.  ( 24 min )

Large banks are starting to announce their dividend and other capital plans now that the results of the Federal Reserve’s annual stress tests have been announced. Wells Fargo &Company (NYSE:WFC) is raising its dividend nearly 17% to 35 cents a share in the third quarter. Wells said it expects its stress capital buffer to decrease to 2.9%, representing a percentage amount of incremental capital it needs to hold above its minimum requirements.  ( 7 min )

Coca-Cola will only see a limited impact if the world health agency classifies the artificial sweetener used in its Diet Coke, aspartame, as a possible carcinogen, thanks to its scale of production, analysts said on Friday. Such a classification of the popular additive in July by the World Health Organization's cancer research arm could cause consumers, food companies, retailers and restaurants to decide whether to fight back or find alternatives. But for Coca-Cola, whose low-calorie products accounted for a third of its total volumes sold in 2022, analysts said switching to a natural sweetener could be easier than many other companies that use aspartame.  ( 7 min )

A Raymond James analyst reaffirmed on his Strong Buy rating for Nvidia stock and his $450 price target.  ( 24 min )

Investors who chafe at having to take required minimum distributions (RMDs) each year have a new tool to help them reduce the tax bite of these withdrawals – and provide retirement income for life. A financial advisor can help you … Continue reading → The post New RMD Rules Let You Turn Charitable Donations Into Retirement Income for Life appeared first on SmartAsset Blog.  ( 8 min )